Radisson Mining Resources Inc.: Financing with Augen Capital Corp. for $175,000.ROUYN-NORANDA, Quebec Rouyn-Noranda (2006 population 39,924) is a city on Osisko Lake in northwestern Quebec, Canada. The city of Rouyn appeared after copper was discovered in 1917. Noranda (a contraction of "North Canada") was created later around the Horne mine and foundry. -- Radisson Mining Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:RDS (1) (Remote Data Services) A set of programming interfaces from Microsoft that enables users to update data on the Internet or intranets from their ActiveX-enabled browser. ) announces that it has completed a private placement, for 546,875 flow-through units in consideration of $175,000, with Augen Capital Corporation. Each flow-through unit was offered at the price of $0.32 per unit and consists of one class A share of the company and one stock warrant.Each stock warrant allows its holder to subscribe for one class A share of the company at a price of $0.45 per share over a period ending December 31, 2007. The use of proceeds of this flow-through private placement will be to carry out an early 2005 surface drilling program on the company's O'Brien/Kewagama properties. In the 2004 drilling program a significant intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. in hole KW-04-03 yielded assay results outlined in the following table.
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Hole No. From (m) To (m) Length(m) Assay Feet Oz/ton
g/tonne
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KW04-03 376.17 376.51 0.3 10.89 1 0.32
439.77 440.91 1.14 2.43 3.74 0.07
515.4 523.57 8.17 5.45 26.8 0.16
incl. 515.4 516 0.6 49.94 2 1.46
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This target is located between the 36 E zones and Kewagama shaft shaft (shaft) a long slender part, such as the diaphysis of a long bone. shaft n. 1. An elongated rodlike structure, such as the midsection of a long bone. 2. and above the 2000 foot level. The program's ultimate goal is to define a sufficient resource to warrant an underground bulk sample. Radisson is a mining exploration company based in Quebec, and is the sole owner or has interests in eleven gold-bearing properties, with some containing base metals.The properties are located in northwestern Quebec.The most advanced, and its main asset, is the former O'Brien Mine property in Cadillac Cadillac expensive automobile and status symbol. [Trademarks: Crowley Trade, 83] See : Luxury that produced (1926-1956) 587,521 oz. of gold from a production of 1.3 metric tons at an average grade of 0.467 oz. of gold / ton. The company also owns a gold concentrator with a capacity of 200 metric tons per day on this property. Radisson, along with Agnico Eagle, Globex Globex An electronic trading platform used for derivative, futures, and commodity contracts. Globex runs continuously, so it is not restricted by borders or time zones. Notes: Globex was introduced in 1992 by Reuters. , Queenston and Cambior, are actively redefining the gold potential of the Cadillac Camp, Quebec. In particular, recent discoveries in this historic camp have been very encouraging indicating the emergence of new and significant gold production for the area. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. is not responsible for the truth or accuracy of this press release. RADISSON MINING RESOURCES INC. (TSX VENTURE:RDS) |
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