Radisson Mining Resources Inc. announced a private placement of hard units at an issue price of CAD 0.18 per hard unit and federal flow-through shares at an issue price of CAD 0.205 per federal flow-through share, Quebec flow-through shares at an issue price of CAD 0.235 per Quebec flow-through share, and charity flow-through units at an issue price of CAD 0.305 per charity flow through unit, for the aggregate proceeds of CAD 2,000,000 on May 31, 2023. Each hard unit will consist of one class A common share and one-half of a class A common share purchase warrant. Each charity flow-through unit will consist of one flow-through share and one-half of a warrant.

Each warrant will entitle the holder thereof to acquire one additional class A of the corporation for a period of 18 months from the closing of the offering at a price of CAD 0.27. The transaction will include participation from board of directors, management, and existing shareholders of the corporation. The transaction is expected to close on or about June 29, 2023.

The transaction is subject to certain conditions including, but not limited to the receipt of all necessary regulatory and other approvals including that of the TSX Venture Exchange.