Radisson Announces Exercise of Warrants

Radisson Mining Resources Inc. (TSX-V: RDS, OTCQX: RMRDF) (“Radisson” or the “Company”) is pleased to announce that it has received total gross proceeds of C$1,481,694.12 from the exercise of 5,487,756 class A shares purchase warrants (the “Warrants”) at a price of $0.27 per warrant. The Warrants were issued in relation to a private placement completed in November 2023 and had an expiry of November 17, 2025. Furthermore, the Company has received additional total gross proceeds of C$42,126.72 from the early exercise of 113,856 class A shares purchase warrants (the “Warrants”) at a price of $0.37 per warrant. The warrants were issued in relation to a private placement completed in October 2024. Matt Manson, President and CEO commented: “The exercise of these warrants, held by long-standing and supportive shareholders, further strengthens Radisson’s financial position and supports the Company’s ongoing growth initiatives. At the end of October, our treasury stood at approximately C$36 million, fully funding our ongoing 140,000 metre step out drill program at the O’Brien Gold Project.” As of today, 5,430,431 warrants remain outstanding at an exercise price of $0.37, with expiry dates ranging from October 22, 2026, to October 29, 2026. If fully exercised, these warrants represent potential gross proceeds of […]