Radisson financing

Regulatory approval for a private placement worth $2.1 million has been received, Radisson Mining Resources (ME) reports. The placement involves 3,387,090 shares at a price of 62 cents per share and warrants; two warrants and 81 cents allow for the subscription of one common share until Oct. 25, 1991. Radisson says it will use the net proceeds, $1.89 million, of the placement to help fund surface and underground exploration work testing the lateral extensions of its Duquesne gold mine project north of Rouyn-Noranda, Que.