EXPLORATION – Radisson seeks to raise funds

A proposed financing arrangement would allow Radisson Mining Resources (RDS-M) to explore three of its gold-base metals properties in Quebec.

The financing has two components. The first calls for the issuance of “A” units, 80% of which will be flow-through shares; the remainder, common shares. The “B” component consists of common shares priced at 15 cents each and purchase warrants priced at 20 cents each.

The arrangement is expected to raise a maximum of $2.2 million for work at three properties.