Radisson Announces First Tranche Closing of Previously Announced Private Placement

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ROUYN-NORANDA, Quebec, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTCQB: RMRDF) (“Radisson” or the “Corporation”) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the “Offering”). Pursuant to the closing of this first tranche, Radisson issued (i) 7,421,038 units of the Corporation (the “Units”) at a price of $0.27 per Unit, (ii) 4,765,625 class A common share in the capital of the Corporation (the “Shares”) that qualifies as “flow-through share” (the “NFT Shares”) pursuant to subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) at a price of $0.32 per NFT Share; and (iii) 6,016,012 Shares, that qualifies as a “flow-through share” (the “QFT Shares” and together with the Units and the NFT Shares, the “Offered Securities”) as defined in subsection 66(15) of the Tax Act and section 359.1 of the Taxation Act (Québec) (the “Québec Tax Act”) at a price of $0.36 per QFT Share. Total gross proceeds to the Corporation of the first tranche is $5,694,444.58.

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