OCIM Increases its Participation in Radisson Mining
OCIM Precious Metals SA («OPM») is pleased to announce that it has increased its participation in the equity capital of Ressources Minières Radisson Inc. (TSX-V: RDS, OTC: RMRDF) («Radisson»), thereby contributing to the financing of the Radisson exploration program at the O’Brien gold project.
Laurent Mathiot, CEO of OCIM, said the following about OPM’s equity investment in Radisson:
«Since we first started investing in the equity of Radisson in August 2018, its share price has doubled thanks to the superb value creation path followed by the Radisson management team. The O’Brien project in Abitibi, Québec is a very promising high-grade gold exploration venture located in a safe and stable jurisdiction. In addition to the current equity investment, OCIM holds a right of first offer (“ROFO”) applicable to any potential gold-stream agreements that Radisson may elect to complete in order to finance underground exploration or production at the O’Brien project. OCIM will also continue to work with the Radisson team to evaluate future equity or non-equity investments that provide further exposure to the high-grade O’Brien gold project.»
ABOUT RADISSON MINING RESOURCES
Radisson is a gold exploration company focused on its wholly-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 21,000,000 ounces of gold over the last 100 years. The project hosts the former O’Brien Mine, considered the Abitibi Greenstone Belt’s highest-grade gold producer during its production (1,197,147 metric tons at 15.25 g/t Au for 587,121 ounces of gold from 1926 to 1957; 3D Geo-solution, July 2019).
The OCIM group of privately held companies has a long and successful history as a Trader and Financier of Strategic Assets.
Established in Paris in 1961, OCIM is headed by a third-generation member of the founding family. Besides its core historical business in Real Estate, OCIM has diversified into other strategic tangible assets such as coinage Precious Metals via its Geneva-based subsidiary. As a Merchant, OCIM trades physical metals across the full value chain, from producers to end users. As a Financier, OCIM invests in a wide variety of instruments and provides financing to the value chain with equity, debt, and alternative investments.