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Radisson Mining raised $25M to advance its Quebec gold project, which holds 1.51M oz of gold resources.
Radisson Mining Resources Inc. closed a $25 million private placement, issuing 41.7 million shares at $0.60 each, raising $25.0002 million.
The funds will support exploration and development of its O'Brien gold project in Quebec and general corporate needs.
The offering, underwritten by Cormark Securities and a syndicate, included a 6% commission.
Shares are exempt from hold periods in Canada and remain subject to TSX Venture Exchange approval.
The securities are not offered in the U.S.
The O'Brien project has indicated resources of 0.58 million ounces and inferred resources of 0.93 million ounces of gold, based on a July 2025 assessment.
Radisson Mining recaudó $25 millones para avanzar en su proyecto de oro de Quebec, que posee 1,51 millones de onzas de recursos de oro.