Radisson Provides Year-End Review and Sets Stage for Promising 2024 - Seite 3

A Look Ahead

After having recently completed an oversubscribed private placement, heavily supported by existing shareholders and institutional investors, the Company closes the year in a strong financial position, with approximately CAD $8.5M in the treasury, to expand the previously announced 10,000m drill program to continue to explore and grow the O’Brien gold project, while also pursuing key development objectives with the ultimate goal of establishing a thriving and sustainable mining operation. In line with its steadfast commitment to responsible mineral exploration practices, the Company will continue to prioritize environmental stewardship and community engagement at every step.

Stock options

On December 18, 2023, the Board of Directors awarded a total of 118,545 stock options to certain directors of the Company in lieu of cash compensation. The Company also awarded a total of 375,000 stock options to employees. Pursuant to terms of the stock options plan each option grants the holder thereof the right to purchase one class A share at a price of $ 0.20 until December 18, 2028. There are currently 16,116,260 stock options outstanding.

For additional information related to the private placement closed in November, the finders’ fees totaling $84,095.07 were paid to two firms at arms-length. In addition, the gross proceeds received by the Corporation from the sale of the hard units will be used for treasury and general and administrative expenses.

Radisson Mining Resources Inc.

Radisson is a gold exploration company focused on its 100% owned O’Brien project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Quebec. The Bousquet-Cadillac mining camp has produced over 25,000,000 ounces of gold over the last 100 years. The project hosts the former O’Brien Mine, considered to have been Quebec’s highest-grade gold producer during its production.

For more information on Radisson, visit our website at www.radissonmining.com or contact:

Denis V. Lachance
Chairman, Interim President and CEO
819-806-3340
[e-mail]

Kristina Pillon
Manager, Investor Relations
604-908-1695
[e-mail]

Forward-Looking Statements

All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the intended use of proceeds of the Offering, the development of the O’Brien project and generally, the above “About Radisson Mining Resources Inc.” paragraph which essentially describes the Corporation’s outlook, constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements and future events, could differ materially from those anticipated in such statements. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward looking information can be found in Radisson’s disclosure documents on the SEDAR website at www.sedar.com.