Radisson Announces Closing of a $ 483,000 Private Placement
TSXV: RDS
For immediate release Press release No. 06, 2017
RADISSON ANNOUNCES CLOSING OF A $ 483,000 PRIVATE PLACEMENT
Rouyn-Noranda, Quebec, June 15 , 2017 : Radisson Mining Resources Inc. (TSXV: RDS)
(“Radisson”) is pleased to announce that it has closed a private placement totalling $483,000.
The company raised a gross proceed of $ 483,000 through the issuance of 292,000 flow-through
shares at a price of $0.25 and 2,562,500 hard units (the “ Unit”) at a price of $0.16 . Each Unit
consists of one class A share of the share capital of Radisson and one half -share purchase
warrant (“ ½ Warrant”). Each full Warrant entitles its holder thereof to purchase one class A
share at a price of $0.22 for a period of 18 months following the closing date. In accordance with
Canadian securities laws, the securities issued under this private placement are subject to a
four-month hold period expiring on October 15, 2017.
Consequent to the closing of this private placement a tranche of 625,000 units was iss ued to
SIDEX, s.e.c. for a subscription totalling $ 100,000 under the “2017 Field Action” program.
One director of the corporation made contribution to the private placement for a total amount of
$30,000 representing 120,000 flow-through shares.
In connection with this closing , Radisson paid a n amount of $ 7,700 in finder’s fee and issued
35,000 finder’s warrants entitling the holder thereof to acquire one class A share of the share
capital of Radisson at $0.22 for a period of 18 months following the closing date.
The closing of this private placement is subject to final acceptance by the TSX Venture
Exchange.
As a result of the private placement, there are currently 110,448,857 class A shares of Radisson
issued and outstanding.
About Radisson Mining Resources Inc.
Radisson is a Quebec -based mineral exploration company. The O’Brien project, cut by the
regional Larder -Lake-Cadillac Fault, is Radisson’s main asset. The former O’Brien Mine, is
considered to have been the Abitibi Greenstone Belt’s highest -grade gold prod ucer during its
production (1,197,147 metric tons at 15.25 g/t Au for 587,121 ounces of gold from 1926 to 1957;
InnovExplo, April 2015).
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For more information on Radisson, please visit our website at www.radissonmining.com or
contact:
Mario Bouchard, President & Chief Executive Officer
819-277-6578
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States of America. The securities have not been and will not be
registered under the United States Securities Act of 1933 (the “ U.S. Securities Act ”) or any
state securities laws and may not be offered or sold within the United States or to U.S. Persons
(as defined in the U.S. Securities Act) u nless registered under the U.S. Securities Act and
applicable state securities laws, or an exemption from such registration is available.
Forward-Looking Statements: This press release may contain certain forward -looking information. All statements
included herein, but other than statements of historical fact, is forward -looking information and such information
involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate,
and actual results and f uture events could differ materially from those anticipated in such information. A description
of assumptions used to develop such forward -looking information and a description of risk factors that may cause
actual results to differ materially from forward-looking information can be found in Radisson’s disclosure documents
on the SEDAR website at www.sedar.com.