Radisson Mining Resources Inc. has signed a non-binding Memorandum of Understanding with AusCan Gold Pty Ltd. In return of $25 million, to be used in a 3-year program of bulk sampling, AusCan will earn a 50% interest in the O'Brien Mine Property in Australia. The sampling is to be done on O'Brien's 36 East Zone, to the end of reclaiming this old mine. The news release has further details, including a note of an NI 43-101 compliant report that estimates 200,000 oz. of gold to be available.
Radisson closed Friday at 10 cents, unchanged on the day. Current bid-ask is 8 cents - 10 cents.
The company's Google Finance web page is here.
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