December 24, 2007 News from the desk of Ken Murton
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RADISSON MINING ANNOUNCES PRIVATE PLACEMENTS
OF FLOW-THROUGH COMMON SHARES
• Last Friday, Radisson Mining Resources
announced its intention to proceed with a non-brokered private placement,
subject to approval of the TSX Venture Exchange, of up to an aggregate of
2,500,000 common shares ("Common Shares") in the capital of the
Company with each Common Share to be issued as a "flow-through share"
as defined in the Income Tax Act (Canada) (a "Flow-Through Common
Share") at $0.40 (Canadian) per Flow-Through Common Share for aggregate
gross proceeds of up to CDN$1,000,000 (the "Flow-Through Offering"). Only
qualified Canadian residents are eligible to subscribe for Flow-Through Common
Shares in the capital of the Company.
100% of the gross proceeds of the Flow-Through
Common Shares sold under the Flow-Through Offering will be used for Canadian
exploration expenses (within the meaning of the Income Tax Act (Canada)) (the
"Tax Act") which qualify as "flow-through mining
expenditures" for purposes of the Tax Act related to the Company's
exploration projects in Ontario and Quebec, Canada. The Company will renounce
such Canadian exploration expenses with an effective date of no later than
December 31, 2007.
Officers, directors and insiders (as those
terms are defined in the Securities Act (Ontario)) that desire to participate
in the private placements are limited to purchasing an aggregate of no more
than 50% of the aggregate number of Flow-Through Common Shares sold pursuant to
the Flow-Through Offering.
• HOLIDAY
GREETINGS, we at Radisson Mining wish you a happy holiday with good health,
peace and prosperity, now, and in the years to come.
We should be pleased to answer any questions
you may have with regard to our exploration and development plans.
Sincerely,
Ken Murton
President/CEO
Tel: 416-920-2748
kmurton@radissonmining.com
www.radissonmining.com
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