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Highlights

  • Radisson Mining targets C$7M in funding via non-brokered private placement to advance its O’Brien Gold Project.

  • Flow-through shares priced at C$0.34 and common shares at C$0.30, with tax advantages for eligible investors.

  • Proceeds to support exploration, development, and general corporate purposes, with closing expected by May 15, 2025.

Radisson Mining Resources Inc. (TSXV:RDS) has announced plans to raise up to C$7 million through a non-brokered private placement, with proceeds earmarked to accelerate work on its flagship O’Brien Gold Project in Québec’s renowned Abitibi region and to support general corporate activities.

The offering, which is expected to close on or around May 15, 2025, will consist of two types of securities:

  • Flow-through shares (FT Shares) priced at C$0.34 each, qualifying under Canada’s Income Tax Act and Québec’s Taxation Act, and

  • Common shares, priced at C$0.30 each.

These FT Shares offer eligible investors certain tax advantages through flow-through mining expenditure deductions. The company has committed to renouncing the corresponding Canadian Exploration Expenses (CEE) to subscribers by December 31, 2025, ensuring that all funds raised from FT Shares are directly applied to exploration activities at the O'Brien site.

Radisson emphasized that proceeds from the FT Shares will be used exclusively for qualifying exploration expenses on the O’Brien Gold Project. Located in Québec’s Abitibi Greenstone Belt—a prolific gold-producing region—the project is a key focus for Radisson as it works toward unlocking additional high-grade resource potential.

In addition to supporting exploration and development, funds raised through the common share issuance will be allocated for general corporate purposes.

The private placement is subject to regulatory approval, including acceptance by the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a four-month statutory hold period following the date of issuance. The company also indicated that a finder’s fee of 6% in cash may be applied to a portion of the proceeds.

Radisson’s decision to pursue a non-brokered route for this financing reflects confidence in its project pipeline and shareholder base, particularly as investor interest remains strong in high-potential exploration projects within politically stable, mining-friendly jurisdictions like Québec.