07:12 AM EDT, 09/30/2024 (MT Newswires) -- Radisson Mining Resources (RDS.V) aims to raise $3 million in a non-brokered private placement. Proceeds will be used to develop its O'Brien Gold Project in the Abitibi region of Quebec.

The financing will consist of common share units priced at $0.27, consisting of one share and half a warrant. Each each whole 24-month warrant can buy one share at $0.37; flow-through shares at $0.36 each and charity flow-through units at $0.47 apiece. Each charity FT unit will comprise one FT share and half a warrant. Each whole warrant, valid for two years, can buy an additional share at $0.37.

The offering is expected to close by October 20.