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Mar. 08, 2016 08:58AM PST
Radisson Mining Resources Inc. (TSXV:RDS) announced it has signed an engagement agreement with Red Cloud Klondike Strike Inc. to assist Radisson on a commercially reasonable effort basis in raising up to $1,000,000.05, by way of a private placement through the online investment platform created by RCKS.
Radisson Mining Resources Inc. (TSXV:RDS) announced it has signed an engagement agreement with Red Cloud Klondike Strike Inc. to assist Radisson on a commercially reasonable effort basis in raising up to $1,000,000.05, by way of a private placement through the online investment platform created by RCKS.
The net proceeds of the offering are intended to be used for completion of the 6,200 metre drill program underway at the 100% owned O’Brien project, a baseline environmental study and for general administrative and corporate purposes. Up to date, 6 drill holes totalling 2,800 metres were completed in area 1, 4 and 5 at the O’Brien gold project.
Radisson Mining CEO, Mario Bouchard, stated:
We are very please to announce this financing as it will help us continue to grow a strong shareholder base as we move forward towards our goal of improving upon the current PEA and emerging as a strong junior gold developer company.
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