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Radisson raises C$6M to advance O'Brien gold project

Radisson Mining Resources Inc. closed its previously announced bought-deal private placement of units, raising about C$6.0 million.

It will use proceeds for exploration and development of the O'Brien gold project in Quebec and for general corporate and working capital purposes, according to an Aug. 23 release. An entity owned by Goldcorp Inc. founder and former Chairman and CEO Rob McEwen purchased C$500,000 of units offered, with the investment representing a roughly 2% stake in Radisson Mining.

Meanwhile, the company appointed Hubert Parent-Bouchard the director of corporate development.