Radisson announces results of its Annual General Meeting of Shareholders

Rhea-AI Summary

Radisson Mining Resources Inc. (RMRDF) reported positive outcomes from its Annual General Meeting held on June 16, 2022. Shareholders approved all proposed items, including the election of directors and the re-appointment of Raymond Chabot Grant Thornton as auditor, with votes in favor exceeding 99%. Additionally, the stock option plan was modified, increasing the limit from 18 million to 25 million options, with 3.89 million options granted at a price of $0.13 per share, valid until June 2027. Radisson continues to focus on its 100% owned O’Brien gold project in Quebec.

Positive

• Shareholders overwhelmingly approved all items, demonstrating strong support for management.
• Modification of stock option plan enables grant of more options, aligning interests of management with shareholders.
• High-grade gold production potential highlighted by the history of the O’Brien mine.

Negative

• None.

ROUYN-NORANDA, Quebec, June 17, 2022 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF): (“Radisson” or the “Company) is pleased to announce the results of its Annual General Meeting of Shareholders ("AGM") held in Rouyn-Noranda, Qc on June 16, 2022.

Shareholders voted in favour of all items of business, including the election of each director nominee. A total of 68,399,366 votes were represented in the meeting amounting to 24.82% of the issued common class A share shares as of the record date. All votes were submitted by proxy with the following tabulation of these votes:

Directors	Tabulation of Votes in Favour submitted by Proxy	Tabulation of Votes Withheld submitted by Proxy
Denis Lachance	67,108,082 (99.07%)	627,647 (0.01%)
Denis Bois	67,732,582 (100.00%)	3,147 (0.02%)
Pierre Beaudoin	67,679,332 (99.92%)	56,397 (0.01%)
Siri Genik	67,733,082 (100.00%)	2,647 (0.01%)
Michael Gentile	67,733,153 (100.00%)	2,575 (0.01%)
Rahul Paul	66,422,332 (98.06%)	1,313,397 (0.01%)
Jeff Swinoga	67,733,082 (100.00%)	2,647 (0.01%)

In addition, shareholders voted 99.95% in favour to re-appoint Raymond Chabot Grant Thornton as Independant auditor of Radisson.

Stock options plan
Radisson also announces that its Board of directors has approved a modification to the stock option plan of the Company from 18,000,000 issuable stock options up to 25,000,000 stock options, which represents less than 10% of the 275,956,266 outstanding shares. This modification is subject to regulatory approval, including the TSX Venture.On June 16^th, 2022, the Board of Directors awarded a total of 3,888,500 stock options to directors, officers, employees and one consultant of the Company. Pursuant to terms of the stock options plan each option grants the holder thereof the right to purchase one common class A share at a price of $ 0.13 until June 16, 2027. Following the grant of stock options and pursuant to terms of the stock options plan, there are currently 16,619,426 stock options outstanding.

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 the 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:

On behalf of the board of directors

Rahul Paul
President and CEO

For more information on Radisson, visit our website at www.radissonmining.com or contact:

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 Corporation’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 Corporation 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 Corporation 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 were the results of Radisson Mining Resources' AGM on June 16, 2022?

The AGM resulted in shareholders approving all items of business, including the election of directors and the re-appointment of the auditor.

What changes were made to Radisson Mining Resources' stock option plan?

The stock option plan was modified to increase the total options available from 18 million to 25 million.

What is the significance of the O’Brien project for Radisson Mining Resources?

The O’Brien project is a high-grade gold resource with historical production of over 587,121 ounces of gold.

How did shareholders vote regarding the re-appointment of the auditor?

Shareholders voted 99.95% in favor of re-appointing Raymond Chabot Grant Thornton as the independent auditor.