Radisson Mining Resources Inc. (TSXV:RDS) announce that it has closed a $324,000 private placement for the development of the O’Brien project. Proceeds will be used to pursue the completion of the 6,200m drill program announced by Radisson on December 4, 2015.
As quoted in the press release:
In connection with this private placement, Radisson issued 1,296,000 flow-through shares at a price of $0.25. These shares are divided among 12 private investors. No cash compensation is linked to the placement and the shares issued are subject to a hold period of four months and one day.
One director of Radisson made contribution to the placement for a total amount of $25,000 representing 100,000 flow-through shares.
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