Mr. Matt Manson reports
RADISSON ANNOUNCES EXERCISE OF WARRANTS
Radisson Mining Resources Inc. has received total gross proceeds of $1,481,694.12 from the exercise of 5,487,756 Class A share purchase warrants at a price of 27 cents per warrant. The warrants were issued in relation to a private placement completed in November, 2023, and had an expiry of Nov. 17, 2025.
Furthermore, the company has received additional total gross proceeds of $42,126.72 from the early exercise of 113,856 Class A share purchase warrants at a price of 37 cents per warrant. The warrants were issued in relation to a private placement completed in October, 2024.
Matt Manson, president and chief executive officer, commented: "The exercise of these warrants, held by long-standing and supportive shareholders, further strengthens Radisson's financial position and supports the company's ongoing growth initiatives. At the end of October, our treasury stood at approximately $36-million, fully funding our ongoing 140,000-metre stepout drill program at the O'Brien gold project."
As of today, 5,430,431 warrants remain outstanding at an exercise price of 37 cents, with expiry dates ranging from Oct. 22, 2026, to Oct. 29, 2026. If fully exercised, these warrants represent potential gross proceeds of $2,009,259.47. No warrants were issued in connection with the company's $12-million private placement, completed in May, 2025, nor in the most recent $25-million private placement, completed in October, 2025.
Radisson Mining Resources Inc.
Radisson is a gold exploration company focused on its 100-per-cent-owned O'Brien gold project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder Lake-Cadillac Break in Abitibi, Quebec. A July, 2025, preliminary economic assessment described a low-cost and high-value project with an 11-year mine life and significant upside potential based on the use of existing regional infrastructure. Indicated mineral resources are estimated at 580,000 ounces (2.20 million tonnes at 8.2 grams per tonne gold), with additional inferred mineral resources estimated at 930,000 ounces (6.67 million tonnes at 4.4 g/t Au). Please see the National Instrument 43-101 "O'Brien Gold Project Technical Report and Preliminary Economic Assessment, Quebec, Canada," effective June 27, 2025, and other filings made with Canadian securities regulatory authorities available at SEDAR+, for further details and assumptions relating to the O'Brien gold project.
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