01:11 PM EDT, 10/07/2025 (MT Newswires) -- Radisson Mining Resources (RDS.V) on Tuesday said it is closing of a bought-dea" private placement, raising around $25 million.

The company sold an underwriting syndicate 41.67-million shares priced at $0.60 each.

The company plans to use the proceeds from the offering for ongoing exploration and advancement of the O'Brien gold project in Quebec and for general corporate purposes.

The company's shares were last seen down $0.03 to $0.60 on the TSX Venture Exchange.

Price: 0.60, Change: -0.03, Percent Change: -4.76