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Radisson Mining Resources (TSXV:RDS) announced the closing of its previously announced private placement for gross proceeds of $444,400 with Jones, Gable & Company Limited.
Radisson Mining Resources (TSXV:RDS) announced the closing of its previously announced private placement for gross proceeds of $444,400 with Jones, Gable & Company Limited.
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 (“½ Warrant”). Each full Warrant entitles its holder thereof to purchase one class A share at a price of $0.18 until February 13, 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 December 14, 2015.
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.
Four directors made contribution to the private placement for a total amount of $169,500 representing 1,303,846 units.
In connection with the private placement, Radisson paid a cash commission in the amount of $22,792 and 273,477 agent warrants entitling the agents to acquire one class A share of the
share capital of Radisson for $0.13 until February 13, 2017.
Click here for the full Radisson Mining Resources (TSXV:RDS) press release.
Click here for the Radisson Mining Resources (TSXV:RDS) profile.
