Radisson announces grant of options

Rhea-AI Summary

Radisson Mining Resources Inc. (RDS, RMRDF) has announced the award of 919,000 stock options to directors in lieu of cash payments for board member fees for H2-2022. Each option allows the acquisition of one class A share at an exercise price of $0.13, expiring December 13, 2027. Additionally, 200,000 stock options were granted to the Chairman for his role as Interim President & CEO at an exercise price of $0.12, expiring December 9, 2027. Radisson is focused on its 100% owned O’Brien gold project in Quebec, historically a high-grade gold producer.

Positive

• Awarding 919,000 stock options signals confidence in company leadership.
• Stock options granted at competitive prices may motivate directors to enhance company value.
• Focus on the O’Brien project, a historically high-grade gold producer, supports future potential.

Negative

• None.

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. Lachance
Chairman, Interim President and CEO
819-806-3340
dlachance@radissonmining.com

Hubert Parent-Bouchard
Chief Financial Officer
819-763-9969
hpbouchard@radissonmining.com

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 release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements and future events, could differ materially from those anticipated in such statements. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Radisson’s disclosure documents on the SEDAR website at www.sedar.com. 

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s endeavours to develop the O’Brien project and, more generally, its expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

FAQ

What stock options did Radisson Mining Resources Inc. grant in December 2022?

Radisson Mining Resources Inc. granted 919,000 stock options to directors for H2-2022, and 200,000 options to its Chairman at exercise prices of $0.13 and $0.12, respectively.

What is the expiration date for the stock options granted by Radisson Mining Resources Inc.?

The stock options expire on December 13, 2027, for directors and December 9, 2027, for the Chairman.

How does the O’Brien project impact Radisson Mining Resources Inc.'s value?

The O’Brien project is noted as Quebec’s highest-grade gold producer, potentially enhancing the company's future value.

What is the exercise price for the stock options awarded to Radisson's Board?

The exercise price for the options is $0.13 for directors and $0.12 for the Chairman.