Key Developments: Ressources Minieres Radisson Inc (RDS.V)

RDS.V on TSX Venture Exchange

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10 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Radisson Mining Resources Inc announces closing of $176,000 private placement
Tuesday, 31 Dec 2013 08:00am EST 

Radisson Mining Resources Inc:Says it closed a $ 176,000 private placement for development of the O'Brien/Kewagama project and of its new properties with phosphate potential constituting the Lac Gouin SSO project.Says proceeds will also be used for prospecting on the properties of Radisson's Lac Gouin SSO phosphate project, located about 65 km southeast of Arianne Phosphate Inc.'s Lac à Paul phosphate deposit.Says the properties of the Lac Gouin SSO phosphate project are located approximately 115 km north of Lac Saint-Jean, in the province of Québec, and are accessible by logging roads.  Full Article

Radisson Mining Resources Inc Announces Closing Of $180,000 Private Placement
Thursday, 3 Oct 2013 10:19am EDT 

Radisson Mining Resources Inc announced that it closed a $ 180,000 private placement for development of the O'Brien/Kewagama project and of its new Lac Gouin SSO property with phosphate potential. In connection with this placement, Radisson issued 1,000,000 flow-through shares at a price of $0.18. These shares are divided among 10 private investors. One insider has participated in this placement for an amount of $10,000. No cash compensation is linked to the placement and the shares issued are subject to a hold period of four months and one day. Radisson's management intends to pursue its business plan and use the proceeds of this placement to complete the update of the resource estimate for Zone 36 East of the O'Brien property and initiate the metallurgical study. The proceeds will also be used for prospecting on the Lac Gouin SSO property, located about 65 km southeast of Arianne Phosphate Inc.'s Lac a Paul deposit. The Lac Gouin SSO property is located approximately 115 km north of Lac Saint-Jean, in the province of Quebec, and is easily accessible by logging roads.  Full Article

Radisson Mining Resources Inc Announces Acquisition Of New Property
Monday, 29 Jul 2013 08:00am EDT 

Radisson Mining Resources Inc. announced that the acquisition of a new property, LAC GOUIN SSO, north of Lac Saint-Jean. This property, of interest for its phosphate potential, was acquired from independent prospectors; it has an area of 616 hectares and consists of 11 claims. The agreement provides for a 1% royalty covering the property. The Company will pay $9,000 and issue 30,000 class A shares to the vendors. The shares issued will be subject to a hold period of four months. The Company also expanded the property by map designation, acquiring 44 more contiguous cells, representing an additional 2,450 hectares. The Lac Gouin SSO property therefore totals more than 3,066 hectares. It was agreed with the vendors that the 1% royalty would cover the total area. The acquisition is subject to TSX Venture Exchange approval.  Full Article

Radisson Mining Resources Inc Announces Closing Of $193,400 Private Placement
Thursday, 6 Jun 2013 08:00am EDT 

Radisson Mining Resources Inc announced that it closed a $193,400 private placement for development of the O'Brien/Kewagama project. In connection with this placement, Radisson issued 1,074,445 flow-through shares at a price of $0.18. These shares are divided among ten private investors.  Full Article

Radisson Mining Resources Inc Announces Closing Of $108,000 Private Placement
Thursday, 4 Apr 2013 08:00am EDT 

Radisson Mining Resources Inc announced that it closed a $108,000 private placement for development of the O'Brien/Kewagama project. In connection with this placement, Radisson issued 600,000 flow-through shares at a price of $0.18. These shares are divided among six private investors. No cash compensation is linked to the placement and the shares issued are subject to a hold period of four months and one day. Radisson's management intends to use the proceeds of this placement to continue updating the resource calculation for O'Brien/Kewagama project.  Full Article

Radisson Mining Resources Inc Reshuffles Its Management Team
Wednesday, 12 Dec 2012 08:00am EST 

Radisson Mining Resources Inc announced that it has reshuffled its Board of Directors and management team. In the future, Mario Bouchard will assume the position of President and Chief Executive Officer (CEO).  Full Article

Radisson Mining Resources Inc Begin Drill Program
Tuesday, 27 Nov 2012 08:00am EST 

Radisson Mining Resources Inc announced the start up of a diamond drill program on its 100% owned O'Brien/Kewagama gold property.  Full Article

Balmoral Resources Ltd Acquires 100% Interest In Detour East Property From Radisson Mining Resources
Thursday, 22 Nov 2012 08:00am EST 

Balmoral Resources Ltd announced that the Company has agreed to acquire a 100% interest in the Detour East Property, part of the Company's Detour Gold Trend Project in Quebec. The Detour East Property, currently under option to the Company, adjoins the holdings of Detour Gold who are nearing completion of what is slated to become Canada's largest gold mine. The Detour East Property hosts a number of known gold occurrences, including the Lynx and Rambo prospects, and extends for over 20 kilometres along the Sunday Lake deformation zone which hosts the nearby Detour Gold deposit. Under an agreement between the Company and Radisson Mining Resources (Radisson), and subject to regulatory approval, Balmoral will acquire from Radisson the entirety of Radisson's retained interest in the Detour East Property by making a cash payment to Radisson of $200,000, issuing in favour of Radisson 300,000 common shares and granting to Radisson a 2% net smelter returns royalty (NSR) on the mining claims which comprise the Detour East Property. Balmoral may, at any time, purchase the first half of the NSR royalty for a payment of $1,000,000 and may similarly purchase the second half of the NSR for an additional cash payment of $2,000,000. The shares to be issued will be subject to standard 4 month hold provisions from the date of issue.  Full Article

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