Business
Radisson Mining Resources Announces Grant of Options
ROUYN-NORANDA, Quebec, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF) (“Radisson” or the “Company”) announces that it
About this update from Radisson Mining Resources Inc.
[{"type":"text","content":" ROUYN-NORANDA, Quebec, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF) (“Radisson” or the “Company”) announces that it has awarded, in lieu of cash payments for board member fees for H2-2022, 919,000 stock options to directors of the Company. Pursuant to the terms of the stock options plan, each option grants the holder thereof the right to acquire one class A share in the capital of the Company at an exercise price of $0.13 for a five-year term expiring December 13, 2027. Furthermore, the Board of directors has awarded 200,000 stock options to its Chairman in recognition of his added responsibilities as Interim President & CEO. Pursuant to the terms of the stock options plan, each option grants the holder thereof the right to acquire one class A share in the capital of the Company at an exercise price of $0.12 for a five-year term expiring December 9, 2027. 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 21,000,000 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 (1,197,147 metric tons at 15.25 g/t Au for 587,121 ounces of gold from 1926 to 1957; Kenneth Williamson 3DGeo-Solution, July 2019). For more information on Radisson, visit our website at www.radissonmining.com or contact: Denis V. LachanceChairman, Interim President and [email protected] Hubert Parent-BouchardChief Financial [email protected] 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 Company’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 r...