Radisson announces $20M bought deal financing

Published 1 month ago Positive
Radisson announces $20M bought deal financing
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* Radisson Mining Resources (TSXV:RDS:CA [https://seekingalpha.com/symbol/RDS:CA]) said on Thursday that it has entered into an agreement with Cormark Securities in connection with a "bought deal" private placement [https://seekingalpha.com/pr/20245419-radisson-announces-20-million-bought-deal-financing] of 33.33M Class A common shares of the company at a price of $0.60 per offered share, for gross proceeds of $20M.
* In addition, the company will grant the underwriters an option to increase the size of the offering by up to an additional $3M on the same terms and conditions as the offering.
* The company will use the net proceeds from the offered shares for ongoing exploration and advancement of the O'Brien gold project and for general corporate purposes.

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* Financial information for Radisson Mining Resources Inc. [https://seekingalpha.com/symbol/RDS:CA/income-statement]