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Agnico Eagle Closes C$57.16M Strategic Investment in Radisson

Agnico Eagle Mines logoAgnico Eagle Mines
Sig2.65Sen+3.80Env-0.60Soc0.00Gov+0.20

Radisson Mining Resources closed a C$57.16 million strategic private placement with Agnico Eagle Mines, with Agnico Eagle buying about 53.42 million units at C$1.07 each. Agnico Eagle will hold about 10.45% of Radisson’s common shares. Proceeds will finance an advanced underground exploration program for the 100%-owned O’Brien Gold Project in Québec’s Abitibi region, including an access ramp and related infrastructure, while drilling continues from existing cash; the project contains 1.69 million ounces of inferred gold resources.

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