Radisson Appoints Brett A. Richards as President & Chief Executive Officer and Director
22 February 2024 - 10:30PM
Radisson Mining Resources Inc. (TSX-V: RDS, OTCQB:
RMRDF) (“
Radisson” or the
“
Company”) is pleased to announce the appointment
of Brett A. Richards as President and Chief Executive Officer,
effective April 1st, 2024, taking over from Interim President &
CEO, Denis V. Lachance, who will remain Chair of Radisson’s Board
of Directors. Effective February 22, 2024, Brett will also join the
Board of Radisson as a director.
Mr. Richards is an experienced and accomplished
natural resources executive with over 37 years in executive,
senior, and operational management in the mining and metals
industry. He is a high-energy, results-driven leader with
world-wide business experience on 5 continents and in over 30
countries. Mr. Richards has served as the CEO of several London LSE
and AIM, Toronto TSX and TSXV stock exchange-listed companies,
including most recently Goldshore Resources (TSXV:GSHR), as well as
CEO of multiple private mining companies. In his career, he has
raised a significant amount of capital, including during
challenging market conditions. He has previously sat as Chair,
Director, and Committee Chair on multiple listed companies and
currently sits on two TSXV company boards.
“We are thrilled to welcome Brett to the team as
our new President & CEO and member of the board. With his
capital markets and operational management experience in the mining
and metals industry, he brings a wealth of expertise and a
proven-track record of success,” commented Denis V.
Lachance. “We are confident that with his
leadership and background in project development, corporate
business development, as well as mergers and acquisitions on a
global scale, we will build value for Radisson shareholders as we
continue to grow and advance our O’Brien gold project.”
“I am very pleased to join the Radisson team as
the Company’s new President & CEO and Director. I look forward
to leading the organization through the next phases of growth and
development,” commented Brett A. Richards. “The
timing couldn't be better to advance Québec's highest grade
undeveloped gold project, especially given the current stage of the
resources cycle, which offers significant leverage to rising metal
prices. Being involved in such a quality high-grade project,
located in the premier mining district of Quebec’s Abitibi with
substantial potential for resource growth presents a unique
opportunity for investors. I am committed to leveraging my
extensive experience and knowledge to drive Radisson to the next
stage of its development."
The Board would like to thank Mr. Denis V.
Lachance for his leadership during his term as Interim President
& CEO and looks forward to ongoing collaboration in his role as
Chair.
Concurrent with the appointment of Mr. Richards,
the Company announces the grant of 1,000,000 stock option at a
price of $0.175 with 333,334 vesting on start date, 333,333 vesting
6 months after the start date and 333,333 vesting 12 months after
the start date, all of which shall be exercisable for a period of 5
years from the date of grant.
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, Québec. The Bousquet-Cadillac mining camp has produced
over 25,000,000 ounces of gold over the last 100 years. The project
hosts the former O’Brien Mine, considered to have been Québec’s
highest-grade gold producer during its production.
For more information on Radisson, visit our website at
www.radissonmining.com or contact:
Denis V. LachanceChair of the Board, Interim President and
CEO819-806-3340dlachance@radissonmining.com
Kristina PillonManager, Investor
Relations604.908.1695kpillon@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.
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