June 23, 2024

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Radisson Announces $5 Million Private Placement

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ROUYN-NORANDA, Quebec, Oct. 30, 2023 (GLOBE NEWSWIRE) — Radisson Mining Resources Inc. (TSX-V: RDS, OTCQB: RMRDF) (“Radisson” or the “Corporation“) is pleased to announce a private placement (the “Offering”) for aggregate gross proceeds of $5,000,000 in any combination of: (i) units of the Corporation (the “Hard Units”) at a price of $0.18 per Hard Unit, (ii) class A shares of the Corporation to be issued as “flow-through shares” within the meaning of the Income Tax Act (Canada) (the “Tax Act”) and to be sold to purchasers in all provinces and territories of Canada, excluding Quebec (the “Federal FT Shares”) at price of $0.205 per Federal FT Share, (iii) class A shares of the Corporation to be issued as “flow-through shares” within the meaning of the Tax Act and to be sold to purchasers in the province of Quebec (the “Quebec FT Shares”) at a price of $0.225 per Quebec FT Share, and (iv) flow-through units to be sold to charitable purchasers (the “Charity FT Units”) at a price of $0.32 per Charity FT Unit.

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GlobeNewswire

2023-10-30 06:30:27

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