Radisson announces results of annual general meeting
Rouyn-Noranda, Quebec: Radisson Mining Resources Inc. (“Radisson” or the “Company“) (TSX.V: RDS, OTC: RMRDF) is pleased to announce the results of its Annual General Meeting of Shareholders (“AGM”) held virtually on June 11, 2021.
AGM Results
All items of business, including the re-appointment of Raymond Chabot Grant Thornton as independent auditor of the Company, the renewal of the shareholder rights plan and the election of each director nominee, were approved by a majority of the votes cast at the meeting. A total of 98,435,279 votes were represented in the meeting amounting to 40.07 % of the total outstanding class A share shares as of the record date. All votes were submitted by proxy.
2021 AGM Election Results
| Directors | For | % For | Withheld | % Withheld |
|---|---|---|---|---|
| Denis Lachance | 88,036,279 | 89.44% | 10,399,000 | 10.56% |
| Mario Bouchard | 97,716,279 | 99.27% | 719,000 | 0.73% |
| Réjean Gourde | 88,036,279 | 89.44% | 10,399,000 | 10.56% |
| Denis Bois | 98,230,779 | 99.79% | 204,500 | 0.21% |
| Michael Gentile | 98,330,779 | 99.89% | 104,500 | 0.11% |
Grant of stock options
On June 14th, 2021, the Board of Directors awarded a total of 2,380,000 stock options to directors, officers, employees and consultant of the company. Pursuant to the terms of the stock options plan each option grants the holder thereof the right to purchase one class A share at a price of $ 0.28 (as per June 14th, 2021 closing price on the TSX Venture Exchange) until June 14th, 2026. Following the grant of stock options and pursuant to terms of the stock options plan, there are currently 14,195,926 stock options outstanding.
About 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 Abitibi Greenstone Belt’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 Interim Chief Executive Officer
For more information on Radisson, visit our website at www.radissonmining.com or contact:
Certain information contained in the press release are subject to receipt of all regulatory approvals. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 final approval of the TSX Venture Exchange in connection with 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 endeavors 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.