Radisson Announces Closing Of First Tranche Of Crowdfunding Private Placement Opened With Red Cloud Klondike Strike

Radisson Mining Resources Inc. (TSXV:RDS) announced that it has closed first tranche of private placement opened on Red Cloud Klondike Strike’s platform or gross proceeds of $402,510.30. 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 April 20, 2016 Radisson announced results of four first holes completed in the 2016 drill program including an intersection of 12.73 g/t Au over 1.0 metre in Pontiac Group sedimentary rocks south of current mineral resources at the O’Brien project.
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