2023-06-15 07:48:36 ET
- Radisson Mining Resources ( TSXV: RDS:CA ) upsizes the previously announced private placement offering of $2,300,000 due to investor demand.
- The upsized offering will consist of any combination of units at $0.18 per hard unit, class A shares of the Corporation to be issued as flow-through shares and to be sold to purchasers in all provinces and territories of Canada excluding Quebec at $0.205 per Federal FT Share, class A shares to be issued as "flow-through shares" and to be sold to purchasers in the province of Quebec at $0.235 per Quebec FT Share, and flow-through units to be sold to charitable purchasers at $0.305 per Charity FT Unit.
- Each Hard Unit will consist of one Class A common share of the Corporation and one-half of a Class A common share purchase warrant
- Each Charity FT Unit will consist of one class A of the Corporation to be issued as a flow-through share and one-half of a Warrant.
- Each warrant entitles the holder to acquire one additional Class A for a period of 18 months from the closing of the Offering at a price of $0.27.
- The gross proceeds received by the Corporation from the sale of the FT Shares will be used to incur Canadian Exploration Expenses that are “flow-through mining expenditures”
- The Offering is scheduled to close on or about June 29.
- Source: Press Release
For further details see:
Radisson upsizes private placement to $2.3 million due to investor demand