Monday, July 21, 2008
Radisson confirms issue of shares for debt
Story link: Radisson confirms issue of shares for debt
by Jo Black
by Jo Black
Radisson Mining Resources Inc., a Quebec-based exploration company, with offices in Rouyn-Noranda, Quebec and Toronto, Ontario, has issued 238,806 Class A Shares at $0.335 per share in settlement of debt obligations owed to Dale M. Hendrick of $80,000 following the receipt of a final letter of approval by the TSX Venture Exchange.
These obligations were incurred under a technical consulting arrangement with Mr. Hendrick. Mr. Hendrick is the Chairman of the Board of Directors of Radisson Mining Resources Inc.
The last closing price for Radisson Mining Resources Inc. Class A Shares on the TSXV was $0.150 per share. The Class A Shares are subject to a holding period of four months following their issue.
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