Business
Radisson announces investment by the Marshall Precious Metals Fund managed by David Garofalo
ROUYN-NORANDA, Quebec, June 09, 2020 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF) (“Radisson” or the “Company") is pleased to ann
About this update from Radisson Mining Resources Inc.
[{"type":"text","content":" ROUYN-NORANDA, Quebec, June 09, 2020 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF) (“Radisson” or the “Company\") is pleased to announce it has arranged a non-brokered private placement to raise a minimum of $1,500,000. This private placement will consist of: (i) a minimum of 5,000,000 common class A shares (the “Class A shares”) priced at CAD$0.20 and (ii) a minimum of 2,762,431 charity flow-through shares (the “Québec Charity FT Shares”) priced at CAD$0.362 per Québec Charity FT Share raising a minimum of $1,500,000 (the “Offering”). The Company may elect to increase the size of the Offering by issuing additional Québec Charity FT Shares and/or Class A shares. The company is pleased to announce that Marshall Precious Metals Fund purchased the entire current Offering. “Marshall Precious Metals is delighted to make one of its first investments in an area that I know well from my many years in northern Quebec with Inmet Mining and Agnico-Eagle. Radisson has assembled a very accomplished management team and Board of Directors and has undertaken an aggressive exploration program on an impressive land position in one of the most prolific gold districts in the world,” said David Garofalo, Chairman and CEO of MPM Capital Management. \"We are delighted to welcome the Marshall Precious Metals Fund as a shareholder. The fund's Chairman and CEO, David Garofalo, is among the best-known names in the mining industry, thanks to an illustrious career spanning more than 30 years. He spent more than 15 years with major gold producers Agnico-Eagle and Goldcorp (more recently as the President & CEO of Goldcorp) including extensive experience in Quebec. Over the years, Mr. Garofalo has been instrumental in creating value through the exploration, development, and operation of several high-grade, world-class gold deposits. As such, we are very pleased to be one of the first investments of his new investment fund. We are grateful for his confidence in the potential of the O'Brien project and look forward to his continued support in the coming years.\" commented Mario Bouchard, President and CEO of Radisson mining resources Inc. About the Marshall Precious Metals Fund and David Garofalo The Marshall Precious Metals Fund SP, managed by MPM Capital Management, is focused on being a reliable provider of capital to e...