Radisson Mining Resources Inc

Published : June 06th, 2016

RADISSON ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF $675,010 CROWDFUNDING PRIVATE PLACEMENT WITH RED CLOUD KLONDIKE STRIKE

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RADISSON ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF $675,010 CROWDFUNDING PRIVATE PLACEMENT WITH RED CLOUD KLONDIKE STRIKE

7f502d8e-f1d1-4624-900f-b4db015f144d.pdf

TSXV: RDS

For immediate release

2016

Press release No. 7,

RADISSON ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF

$675,010 CROWDFUNDING PRIVATE PLACEMENT WITH RED CLOUD KLONDIKE STRIKE

Rouyn-Noranda, Quebec, June 6, 2016: Radisson Mining Resources Inc. (TSXV: RDS) ("Radisson") is pleased to announce that it has closed the second and final tranche of the previously announced private placement for gross proceeds of $272,500. Total gross proceeds of the private placement closed in collaboration with Red Cloud Klondike Strike ("RCKS") is in the amount of $675,010. The net proceeds will be used for exploration and development of the O'Brien gold project located in Quebec along the world-renowned Abitibi Gold Belt.

Under the terms of the offering, the corporation issued 1,816,666 units at a price of $0.15 per units. 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 $0.20 until December 6, 2017. In accordance with Canadian securities laws, the securities issued and issuable in the first tranche of this private placement are subject to a four-month hold period expiring on October 7, 2016.

In connection with closing of the private placement, Radisson paid 127,167 agent warrants entitling RCKS to acquire one class A share of the share capital of Radisson at $0.15 until December 6, 2017.

The net proceeds of the offering will be used for exploration and development of the O'Brien project and for general administrative and corporate expenses. On June 1, 2016 Radisson announced results of last two holes completed in the phase 1 of 2016 drill program including an intersection of 17.57 g/t Au over 1.36m (See Picture) in extension of ore shoots within current mineral resources of the O'Brien project. (See Press release)

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 92,861,264 class A shares of Radisson issued and outstanding.

  • Annual general meeting results

Radisson is also happy to announce that the seven candidates designated in the management proxy circular dated May 1, 2016 were elected to the Corporation's Board of Directors during the shareholder's annual meeting held in Rouyn-Noranda on June 3, 2016.

The shareholders were represented in person or by proxy by 49,740,560 class A shares, or

56.29% of the 88,361,196 outstanding class A shares. Voting results are presented below:

Director

For

% For

Withheld

% Withheld

Mario Bouchard

49,511,860

99.54%

228,700

0.46%

Jean Dion

49,730,010

99.98%

10,550

0.02%

Jean-Marie Dupont

49,348,710

99.21%

391,850

0.79%

Denis Lachance

49,730,010

99.98%

10,550

0.02%

Marianna Simeone

49,397,210

99.31%

343,350

0.69%

Luc Simoneau

49,597,210

99.71%

143,350

0.29%

Réjean Gourde

49,730,010

99.98%

10,550

0.02%

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).

Facebook : Like us on facebook Twitter : @RDSMining

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

Mario Bouchard, President & Chief Executive Officer

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.

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) unless 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 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.publicnow.com
Data and Statistics for these countries : United States Of America | All
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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$ 23.6 millions as of today (US$ 18.4 millions, € 16.3 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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2007 Annual Report
Financings of Radisson Mining Resources Inc
3/18/2016Radisson mining $1M Crowdsourcing financing with Red Cloud K...
10/3/2013Announces Closing of a $ 180,000 Private Placement
4/4/2013Announces Closing of a $108,000 Private Placement
3/14/2008ANNOUNCES CLOSING OF PRIVATE PLACEMENT
3/10/2008ANNOUNCES PRIVATE PLACEMENT OF UNITS
1/3/2008ANNOUNCES CLOSING OF PLACEMENT OF FLOW-THROUGH SHARES
12/24/2007ANNOUNCES PRIVATE PLACEMENTS OF FLOW-THROUGH COMMON SHARES
Nominations of Radisson Mining Resources Inc
6/12/2013Announces Election Of Directors
1/24/2013Announces the Appointment of Denis Lachance to its Board of ...
1/8/2013Announces the Appointment of Michel Garon to its Board of Di...
Project news of Radisson Mining Resources Inc
8/24/2016(O'brien)Radisson intersects 16.15 g/ 2Ft gold over 3.0m in lateral e...
6/1/2011(O'brien)Significant Drill Results From the O'Brien/Kewagama Project
2/17/2011(Kewagama)to Begin Drilling on Feb 21 on Its O'Brien/Kewagama Property
6/2/2008(Massicotte)RELINQUISHES RM NICKEL PROPERTY AND ANNOUNCES POSITIVE RESUL...
Corporate news of Radisson Mining Resources Inc
6/15/2016RADISSON HIRES TONY BRISSON AS CONSULTANT GEOLOGIST AND BEGI...
6/6/2016RADISSON ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF $6...
6/1/2016RADISSON INTERSECTS 17.57 G/T AU OVER 1.36M AT A VERTICAL DE...
5/6/2016RADISSON ANNOUNCES CLOSING OF FIRST TRANCHE OF CROWDFUNDING ...
4/20/2016RADISSON INTERSECTS 12.73 G/T AU OVER 1.0M AND MULTIPLE VISI...
1/29/2016RADISSON FILES NI 43-101 TECHNICAL REPORT FOR PEA FOR THE O’...
1/29/2016Radisson Files NI 43-101 Technical Report for Preliminary Ec...
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12/15/2015RADISSON ANNOUNCES RESULTS OF PRELIMINARY ECONOMIC ASSESSMEN...
9/23/2015Radisson Completes a $100,000 Private Placement with SODEMEX...
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8/13/2015RADISSON COMPLETES A $444,400 BROKERED PRIVATE PLACEMENT
7/14/2015Radisson Announces Extension of Private Placement
4/20/2015Inferred Resources Increases by 181% at the O'Brien Project
2/26/2015MARIANNA SIMEONE APPOINTED TO THE BOARD OF DIRECTORS
2/3/2015Radisson Draws Attention to High Gold Grades in Historical D...
1/26/2015MARIO BOUCHARD Q&A WITH THE GOLD REPORT
1/13/2015' CEO Interviewed by The Gold Report
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12/2/2014THE KEWAGAMA PROPERTY IS INCORPORATED INTO THE 43-101 PEA OF...
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10/21/2014The Evolution of Blackbird Energy: The Building of Montney P...
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4/23/2013Moves Ahead With its 2013 Business Plan
12/12/2012Reshuffles its Management Team
10/30/2012(O'brien)Update on the O'Brien-Kewagama Project
6/29/2011Reports of Its Annual Meeting Held on June 21, 2011 and Gran...
6/16/2011(O'brien).: New Gold Discovery on the O'Brien-Kewagama Project
5/12/2011Closes Financing with the MineralFields Group
2/23/2010Michel David joins Radisson Mining as president and CEO
9/22/2008ANNOUNCES JOINT VENTURE WITH AURIZON MINES WILL NOT PROCEED ...
7/4/2008PROVIDES ITS PRESENTATION TO THE RECENT SHAREHOLDERS ANNUAL ...
7/2/2008 EXTENDS DUE DILIGENCE PERIOD UNDER ITS LETTER OF INTENT WIT...
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