Radisson Closes C$57 Million Strategic Investment
Radisson Closes C$57 Million Strategic
Investment
Rouyn-Noranda, Quebec--(Newsfile Corp. - September 1, 2026) - Radisson Mining Resources Inc.
(TSXV: RDS) (OTCQX: RMRDF) ("
Radisson
" or the "
Company
") is pleased to announce that it has
closed its previously announced private placement of units with Agnico Eagle Mines Limited ("
Agnico
Eagle
"). Under the terms of the private placement, Agnico Eagle purchased 53,420,000 units of the
Company at a price of C$1.07 per unit for aggregate gross proceeds of C$57,159,400, each unit
consisting of one Class A common share and one-half of one common share purchase warrant
exercisable at C$1.39 per share for a period of 60 months. As of closing, Agnico Eagle has an
ownership position of approximately 10.45% of the issued and outstanding common shares of the
Company on a non-diluted basis and approximately 14.90% on a partially-diluted basis.
The proceeds of the private placement will fund the commencement of an advanced underground
exploration program at Radisson's 100%-owned O'Brien Gold Project in the Abitibi region of Québec,
including the development of an access ramp and related underground and surface mine infrastructure.
The Company's ongoing 140,000-metre step-out drill program continues as planned, funded from
existing cash resources.
The investor rights agreement between the Company and Agnico Eagle described in the Company's
news release dated August 24, 2026 was executed concurrently with the closing of the private
placement.
The private placement was completed on a non-brokered basis and no commissions or finder's fees
were paid in connection with it. The securities issued under the private placement are subject to a hold
period expiring on January 2, 2027. The private placement remains subject to the final acceptance of the
TSX Venture Exchange.
About Radisson Mining
Radisson is a gold exploration company focused on its 100% owned O'Brien Gold Project, located in the
Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi,
Québec. A July 2025 PEA described a low cost and high value project with an 11-year mine life and
significant upside potential based on the use of existing regional infrastructure. Indicated Mineral
Resources are estimated at 0.63 Moz (3.49 Mt at 5.59 g/t Au), with additional Inferred Mineral
Resources estimated at 1.69 Moz (10.37 Mt at 5.08 g/t Au). Please see the NI 43-101 "O'Brien Gold
Project Technical Report and Preliminary Economic Assessment, Québec, Canada" effective June 27,
2025, Radisson's news release dated March 2, 2026 "With Step-Out Drilling Continuing, Radisson
Demonstrates Meaningful Resource Growth at O'Brien with an Updated Mineral Resource Estimate"
and other filings made with Canadian securities regulatory authorities available at
www.sedarplus.ca
for
further details and assumptions relating to the O'Brien Gold Project. For more information on Radisson,
visit our website at
www.radissonmining.com
or contact:
Matt Manson
President and CEO
416.618.5885
Kristina Pillon
Manager, Investor Relations
604.908.1695
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 PRESS RELEASE.
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. Forward-looking information in this news release includes, but is not limited to,
statements regarding: the receipt of final acceptance of the TSX Venture Exchange in respect of the
private placement; the operation of the investor rights agreement, including the participation, top-up, and
board nomination rights, and the restrictions applicable to specified transactions involving the
Company's mineral properties; the commencement, scope, timing and advancement of the advanced
underground exploration program at O'Brien, including engineering, permitting, ramp development,
related surface infrastructure and water management facilities; the allocation and use of the proceeds of
the private placement; the continuation and results of the Company's ongoing drill program; the potential
growth of O'Brien's mineral resources; and the evaluation and potential development of O'Brien,
including potential development scenarios involving existing regional infrastructure.
Forward-looking information is based on assumptions and estimates that management considers
reasonable as of the date of this news release, including assumptions regarding the receipt of final
acceptance of the TSX Venture Exchange, the availability of permits and other authorizations, project
schedules and costs, geological and technical results, commodity prices, access to labour, equipment
and services, and the Company's ability to execute its planned exploration and development activities.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that
may cause actual results to differ materially from those expressed or implied, including the risk that final
acceptance of the TSX Venture Exchange is delayed or not obtained; that required approvals or permits
are delayed or not obtained; that the exploration program or use of proceeds changes; that actual costs,
schedules, geological, geotechnical, metallurgical or other technical results differ from expectations;
risks inherent in mineral exploration and development; commodity price and capital market volatility;
changes in laws and regulations; and other risks described in the Company's public disclosure. Although
the Company believes the assumptions underlying such forward-looking information are reasonable, no
assurance can be given that they will prove correct. Readers should not place undue reliance on forward-
looking information. The Company does not undertake to update or revise any forward-looking
information except as required by applicable law.
Please refer to the "Risks and Uncertainties Related to Exploration" and the "Risks Related to Financing
and Development" sections of the Company's Management's Discussion and Analysis dated April 23,
2026 for the year ended December 31, 2025 available electronically on SEDAR+ at
www.sedarplus.ca
.
All forward-looking statements contained in this press release are expressly qualified by this cautionary
statement.
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 news
release. No stock exchange, securities commission or other regulatory authority has approved or
disapproved the information contained herein.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/312356