{"id":1134437,"date":"2019-08-23T17:30:15","date_gmt":"2019-08-23T22:30:15","guid":{"rendered":"https:\/\/www.mining.com\/?p=1000188"},"modified":"2019-08-23T17:30:15","modified_gmt":"2019-08-23T22:30:15","slug":"radisson-closes-4-5-million-private-placement-to-develop-obrien-gold-project","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1134437","title":{"rendered":"Radisson closes $4.5 million private placement to develop  O\u2019Brien gold project"},"content":{"rendered":"<p>Qu\u00e9bec&nbsp;\u2013 based Radisson Mining Resources\u2019 (TSX-V: RDS) stock was<strong>&nbsp;<\/strong>up<strong>&nbsp;<\/strong>over 3% Friday,&nbsp;after closing on a C$6 million (USD$4.5 million) private placement.&nbsp;&nbsp;&nbsp;<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The financing consisted of the issuance of 20.6 million units&nbsp;at C $0.15 per unit, for&nbsp;C$3.09 million, 3 million flow-through shares at C$0.16 per share, for C$499,983, and 11.5 million flow-through Class A shares&nbsp;at C$0.21 for&nbsp;C$2.4&nbsp;million.&nbsp;&nbsp;<\/p>\n<p>Rob McEwen, owner&nbsp;of McEwen Mining&nbsp;and founder and former&nbsp;CEO of Goldcorp&nbsp;invested C$500,000, Radisson said.&nbsp;<\/p>\n<p>The proceeds will be used to fund the exploration and development of the 100% owned O\u2019Brien gold project and for general corporate and working capital purposes.&nbsp;&nbsp;<\/p>\n<p>The O\u2019Brien project is an advanced exploration project located in the Abitibi region in northwestern Qu\u00e9bec.&nbsp;&nbsp;<\/p>\n<p> The O&#8217;Brien mine <a rel=\"noreferrer noopener\" aria-label=\"was considered the highest grade gold producer  (opens in a new tab)\" href=\"https:\/\/www.northernminer.com\/news\/radisson-to-update-obrien-resource-based-on-new-model\/1003806181\/\" >was considered the highest grade gold producer <\/a>in Quebec between 1926 and 1957, when the underground operation churned out 1.20 million tonnes grading 15.25 grams gold per tonne for 587,121 oz. gold. <\/p>\n<p>At market close Friday, Radisson\u2019s shares were trading at C$0.16. The company has a C$22.6 million market capitalization.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The O&#8217;Brien mine was considered the highest grade gold producer in Quebec between 1926 and 1957, when the underground operation churned out 1.20 million tonnes grading 15.25 grams gold per tonne for 587,121 oz. gold.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,4],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1134437"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1134437"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1134437\/revisions"}],"predecessor-version":[{"id":1134439,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1134437\/revisions\/1134439"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1134437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1134437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1134437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}