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Article: Radisson Mining Resources Options a Quebec Nickel, Copper and Gold Property and Plans to Reactivate the O'Brien Mill
- Article from:
- CCNMatthews Newswire
- Article date:
- September 4, 2007
CopyrightCopyright 2007 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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ROUYN-NORANDA, QUEBEC--(Marketwire - Sept. 4, 2007) - Radisson
Mining Resources ("Radisson" or the "Company")(TSX VENTURE:RDS) is
pleased to announce that it has entered into a non-binding Letter of
Intent ("LOI") to provide the Company the option to acquire the RM
Nickel property, located about 30 km west of Rouyn-Noranda upon
signing of a binding Option Agreement. The terms of the proposed
Option Agreement, subject to approval of the TSX Venture Exchange,
include a cash payment of $250,000 and the issuance of 2,000,000
Class A shares of Radisson to the claim holders over a period of
approximately 18 months from signing of the agreement. Radisson also
announces its intention to reactivate ...