Radisson Mining Resources Inc

Published : December 31st, 2015

RADISSON ANNOUNCES CLOSING OF A $324,000 PRIVATE PLACEMENT

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Keywords :   Gold | Gold Producer |

RADISSON ANNOUNCES CLOSING OF A $324,000 PRIVATE PLACEMENT

f08607d5-0ae3-43d9-9f11-dd63940d652b.pdf


TSXV: RDS


For immediate release

2015

Press release No. 12,


RADISSON ANNOUNCES CLOSING OF A $324,000 PRIVATE PLACEMENT


Rouyn-Noranda, Quebec, December 31th, 2015: Radisson Mining Resources Inc. (TSXV: RDS) ("Radisson") is pleased to 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 earlier in December.


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.


As a result of the private placement, there are 88,361,196 class A common shares of Radisson issued and outstanding.


Drill program


On December 10th, one drill rig was mobilized at the O'Brien project to start a 6,200m drill program. Earlier this year, extension drill targets located in 6 areas around current mineral resources of 36E and Kewagama areas were identified (figure 1).


Phase 1 drill program will consist of 6,200 m in area 1 to 5 with purpose of extending known ore shoots with likely possibility of defining new ore shoots.


1. 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 producer 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).

For more information on Radisson, visit our website at www.radissonmining.com or contact: Mario Bouchard

President and CEO

819-277-6578

[email protected]


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.


Forward-Looking Statements: This press release may contain certain forward-looking information. All statements included herein, including the scheduled Closing date, but other than statements of historical fact, is

2


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 future 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.

Read the rest of the article at www.noodls.com

Radisson Mining Resources Inc

EXPLORATION STAGE
CODE : RDS.V
ISIN : CA76125W5054
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Radisson Mining is a gold and copper development stage company based in Canada.

Radisson Mining holds various exploration projects in Canada.

Its main exploration properties are KEWAGAMA, POTRACK, RM NICKEL PROJECT, DRYDEN, DOUAY, O'BRIEN, LAC GIGNAC, ESTRADES and MASSICOTTE in Canada.

Radisson Mining is listed in Canada. Its market capitalisation is CA$ 27.4 millions as of today (US$ 21.7 millions, € 19.1 millions).

Its stock quote reached its highest recent level on December 29, 2004 at CA$ 0.89, and its lowest recent point on December 24, 2008 at CA$ 0.02.

Radisson Mining has 107 290 000 shares outstanding.

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