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Radisson Mining Resources Inc. (TSXV:RDS) announced has closed a private placement of 769,232 units at a price of 13 cents per units for total proceeds of $100,000.16 with Sodemex II sec.
Radisson Mining Resources Inc. (TSXV:RDS) announced has closed a private placement of 769,232 units at a price of 13 cents per units for total proceeds of $100,000.16 with Sodemex II sec.
As quoted in the press release:
Each unit consists of one Class A share of the share capital of Radisson and one-half share purchase warrant. Each full warrant entitles its holder thereof to purchase one Class A share at a price of 18 cents until March 22, 2017. In accordance with Canadian securities laws, the securities issued and issuable in the private placement are subject to a four-month hold period expiring on Jan. 23, 2016.
Sodemex II sec is an institutional fund with a mission to participate in the development of the Quebec mining industry through investments in junior exploration companies and mining producers in Quebec.
The net proceeds of the offering will be used for exploration and development of the O’Brien project, and for general administrative and corporate purposes.
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