Radisson Mining closes $1.6 million oversubscribed financing

Radisson Mining Resources. {TSX.V: RDS} has closed a final tranche of $1.59-million for an oversubscribed private placement totalling $2.59-million.

On the final tranche, the company raised gross proceeds of $1.59-million through the issuance of 7.5 million flow-through shares at a price of 20 cents and 600,000 hard units at a price of 15 cents Continue reading

Colonial Coal bouyed by rising coking coal price

Colonial Coal’s {TSX.V: CAD} share price has doubled in just two months from a low of 8.5c, registered mid July.

The price is responding to the rapidly rising price of metallurgical (coking) coal, which has been climbing strongly in the international markets. The current price still looks low when CAD’s assets are taken into consideration. Continue reading