Radisson appoints Pierre Beaudoin and Jeff Swinoga to
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ROUYN-NORANDA, Quebec, Sep 23, 2021 (GLOBE NEWSWIRE) – Radisson Mining Resources Inc. (“Radisson” or the “Company”) (TSX.V: RDS, OTC: RMRDF) announces today that it has appointed Pierre Beaudoin, COO of SilverCrest Metals Inc. (TSX: SIL, NYSE: SILV), and Jeff Swinoga, President and CEO of Exploits Discovery Corp (CSE: NFLD), to its board of directors as of September 22, 2021.
Mr. Beaudoin is a seasoned mining executive with over 30 years of international experience in operations, project development and mineral processing. He is currently the COO of SilverCrest Metals Inc. (TSX: SIL, NYSE: SILV) where he oversees the construction and development of the high grade Las Chipas deposit in Sonora, Mexico. Prior to joining SilverCrest, Mr. Beaudoin worked at Detour Gold as Senior Vice President of Capital Projects (2010-2013) and Chief Operating Officer (2013-2017) where he led the design, construction, development, ramp-up and operations at the Detour Lake Gold Mine. Previously, Mr. Beaudoin spent 16 years with Barrick Gold. During his last 6 years at Barrick, he worked in the Capital Projects Group, where he led the study teams on Buzwagi in Tanzania (commissioned in 2009), Donlin Creek in Alaska and Cerro Casale in Chile. . Prior to joining Barrick Gold, he worked for Lac Minerals Ltd. and Noranda Minerals.
Jeff Swinoga, CPA, MBA
Mr. Swinoga is a highly accomplished mining executive with over 25 years of experience in the mining industry in the areas of capital markets, project advancement, project development and construction. He was recently appointed President and CEO and Director of Exploits Discovery Corp. Previously, he was National Mining and Metals Co-Leader at Ernst & Young Canada. Previously, he was President and CEO of First Mining Gold, CFO of Torex Gold Resources Inc. (TSX: TXG) where he led the financing of the $ 800 million El Limon-Guajes gold mine. companies from Torex as well as Torex’s transition from an exploration and development business to a mid-level gold producer. Prior to Torex, Mr. Swinoga spent four years as Chief Financial Officer of North American Palladium Ltd., where he was instrumental in financing the expansion of the Lac des Iles mine, in addition to the acquisition and the development of two gold mines in Quebec. He spent three years as Chief Financial Officer of HudBay Minerals Inc., helping the company grow since it went public in 2004 to a market capitalization of over $ 2 billion. Mr. Swinoga also spent seven years with Barrick Gold Corporation, where he was instrumental in funding the Bulyanhulu and Veladero projects. He is a Chartered Professional Accountant and holds an MBA from the University of Toronto and a BA (Honors) in Economics from the University of Western Ontario. Mr. Swinoga also sits on the PDAC Board of Directors this year and is also a member of its Audit Committee.
Rahul Paul appointed President and CEO
In addition, the Company announces that Rahul Paul has been appointed President and Chief Executive Officer, effective September 15, 2021. Since joining the Company in November 2019, Mr. Paul has played a key role in strategic planning, financial management, capital allocation and marketing. . He was promoted to President in June 2020 and assumed the role of Interim CEO in February 2021. He was instrumental in improving the company’s profile in financial markets, increasing the institutional ownership, capital raising and the implementation of several other value-added initiatives such as the New Algiers Acquisition in 2020.
Commenting on the appointments, Denis Lachance, Chairman of the Board of Directors, said:
“I am pleased to welcome Pierre and Jeff to our board of directors. During an illustrious career spanning more than three decades, Pierre has led the development, operation and ramp-up of several world-class deposits, including Canada’s largest gold mine, the Mine Golden Detour Lake. Jeff is an accomplished mining executive with over 25 years of experience in mining, business creation in capital markets and finance. He was instrumental in financing the development and ramp-up of several large mines, including the El Limon Guajes (Torex Gold), Bulyanhulu (Barrick Gold) and Veladero (Barrick Gold) mine. Jeff and Pierre bring extensive experience in mining development and project finance, which will position the company for the next phase of our value creation strategy with O’Brien. In addition, I am very pleased with the appointment of Rahul as President and CEO. With Rahul as President and CEO and the addition of Jeff and Pierre to the Board of Directors, I look forward to unlocking the full value of our assets.
Rahul Paul, President and CEO of Radisson Mining Resources, said:
“Having had the privilege of working with Jeff and Pierre in the past, I am delighted to have the opportunity to work with them again as we strive to move the high grade O’Brien gold project forward. Radisson is truly fortunate to have such accomplished mining executives on its board of directors. With their board appointments and the appointment of Michael Gentile earlier this year, we have added significant expertise in capital markets, mining development and project finance to the team, which I believe we will help accelerate the value creation process at O’Brien. Our continued ability to attract such accomplished people is a testament to the quality of the asset base, the validation of our work to date, and the tremendous opportunity for Radisson shareholders. “
Insider shareholding and share purchases
Since the start of 2021, insiders have acquired 5,652,667 Class A shares through purchases on the open market and / or the exercise of options / warrants, the total of purchases of ‘shares to date representing 2.20% of the total shares outstanding. As of September 21, 2021, the number of insiders stood at 27,998,161 shares, or 10.94% of the total shares outstanding.
Grant of stock options
Following the Company’s stock option plan, the Company granted the two new directors stock options, acquired immediately to acquire a total of 1,500,000 class A shares of the Company at an exercise price of $ 0.22 per share for a period of 5 years expiring September 23, 2026.
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 famous Larder-Lac-Cadillac fault in Abitibi, Quebec. The Bousquet-Cadillac mining camp has produced more than 21,000,000 ounces of gold over the past 100 years. The project hosts the former O’Brien mine, considered to have been the highest-grade gold producer in Quebec during its production (1,197,147 metric tonnes at 15.25 g / t Au for 587,121 ounces of gold from 1926 to 1957; Kenneth Williamson 3DGeo-Solution, July 2019).
On behalf of the board of directors
President and CEO
For more information on Radisson, visit our website at www.radissonmining.com or contact:
Hubert Parent Bouchard
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 the proceeds of the Offering, to the development of the O’Brien project and, in general, the words “About Radisson” above Ressources minières inc. paragraph which primarily describes the prospects of the Company, constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, and are based on expectations, estimates and projections at the time of this press release. hurry. Forward-looking statements are necessarily based on a number of estimates and assumptions which, although considered reasonable by the Company at 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 inaccurate. 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 forward-looking statements, and future events could differ materially from those anticipated in such statements. A description of the assumptions used in developing such forward-looking information and a description of the 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 address www.sedar.com.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect. not future experience. Forward-looking statements are provided for the purpose of providing information about management’s efforts to develop the O’Brien project and, more generally, its expectations and plans for 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 actual results to differ materially from beliefs, plans, objectives, expectations, expectations, estimates, assumptions and expressed intentions. in these forward-looking statements. All forward-looking statements contained in this press release are qualified by these cautionary statements and those contained in our other documents filed with Canadian securities regulatory authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statement or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.