Radisson Announces Results of its Annual and Special Meeting of Shareholders
Rhea-AI Summary
Radisson Mining Resources (OTCQX:RMRDF, TSXV:RDS) reported AGM results for June 11, 2026. Shareholders approved all items, including director elections, auditor reappointment, reapproval of the Omnibus Equity Incentive Plan and a new Shareholder Rights Plan. Representation totaled 189,311,186 votes, or 43.62% of common shares.
The Omnibus Plan maintains a rolling 10% share reserve for equity awards. A new rights plan, replacing the 2024 plan, aims to address unsolicited take-over bids and awaits TSX Venture Exchange acceptance. The board granted 2,758,181 options at $0.86, plus 381,976 RSUs and 372,095 DSUs under the plan.
Positive
- All AGM resolutions, including director elections and auditor reappointment, received shareholder approval
- Omnibus Equity Incentive Plan reapproved with rolling 10% share reserve for awards
- New shareholder rights plan approved to address unsolicited take-over bids, replacing 2024 plan
- Equity incentives granted to directors, officers, employees and consultants align compensation with share performance
Negative
- Rolling 10% equity reserve under Omnibus Plan may lead to ongoing shareholder dilution
- Grants of 2,758,181 options, 381,976 RSUs and 372,095 DSUs add to potential future share dilution
- Shareholder rights plan remains subject to final acceptance of the TSX Venture Exchange
News Market Reaction – RMRDF
In the Jun 12 session, RMRDF declined 1.57%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Rouyn-Noranda, Quebec--(Newsfile Corp. - June 11, 2026) - Radisson Mining Resources Inc. (TSXV: RDS) (OTCQX: RMRDF) ("Radisson" or the "Company") is pleased to announce the results of its Annual and Special Meeting of Shareholders ("AGM") held on June 11, 2026. Shareholders voted in favour of all items of business, including the election of each director nominee, the appointment of auditors, the reapproval of its Omnibus Equity Incentive Plan and the adoption of a new Shareholder Rights Plan. A total of 189,311,186 votes were represented at the AGM, amounting to
Voting results will be filed on SedarPlus.ca.
Appointment of Independent Auditor
Shareholders approved the re-appointment of Raymond Chabot Grant Thornton LLP as the Company's independent auditor for 2026 and authorized the Board of Directors to fix the auditor's remuneration.
Omnibus Equity Incentive Plan Reapproval
In addition, shareholders re-approved the Company's Omnibus Equity Incentive Plan (the "Omnibus Plan"), originally adopted in 2025. The Omnibus Plan provides a best-practice framework to attract and retain personnel through a comprehensive range of equity-based awards.
Under the Omnibus Plan, a rolling
A full copy and summary of the Omnibus Plan is available in the Company's management information circular dated May 5, 2026, which can be accessed under Radisson's profile at www.sedarplus.ca and on the Company's website at www.radissonmining.com.
Shareholder Rights Plan
As a final item of business, shareholders also approved the adoption of a shareholder rights plan (the "Shareholder Rights Plan"), which replaces the Company's previous plan renewed in 2024. The Shareholder Rights Plan is intended to ensure the fair treatment of shareholders in the context of unsolicited take-over bids and to provide the Board of Directors with adequate time to evaluate and respond to such proposals. The Shareholder Rights Plan remains subject to the final acceptance of the TSX Venture Exchange.
Grant of Equity Incentives
Subsequent to the AGM, the Board of Directors authorized the grant of an aggregate of 2,758,181 stock options to directors, officers, employees and consultants of the Company. The Options have an exercise price of
In addition, the Board of Directors authorized the grant of an aggregate of 381,976 RSUs to officers of the Company and 372,095 DSUs to directors of the Company. The RSUs vest as follows: one-third on the first anniversary of the date of grant, one-third on the second anniversary and one-third on the third anniversary. The DSUs vest on the first anniversary of the date of grant. The Options, RSUs and DSUs were granted in accordance with the Omnibus Plan.
About Radisson Mining
Radisson is a gold exploration company focused on its
Matt Manson
President and CEO
416.618.5885
mmanson@radissonmining.com
Kristina Pillon
Manager, Investor Relations
604.908.1695
kpillon@radissonmining.com
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements include, but are not limited to, statements with respect to the ability to execute the Company's plans relating to the O'Brien Gold Project as set out in the Preliminary Economic Assessment; the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the O'Brien Gold Project; the absence of unforeseen operational delays; the absence of material delays in obtaining necessary permits; the price of gold remaining at levels that render the O'Brien Gold Project profitable; the Company's ability to continue raising necessary capital to finance its operations; the ability to realize on the mineral resource estimates; assumptions regarding present and future business strategies; local and global geopolitical and economic conditions and the environment in which the Company operates and will operate in the future; planned and ongoing drilling; the significance of drill results; the ability to continue drilling; the impact of drilling on the definition of any resource; and the ability to incorporate new drilling in an updated technical report and resource modelling; the Company's ability to grow the O'Brien Gold Project; and the ability to convert inferred mineral resources to indicated mineral resources; the filing of the voting results of the AGM; and the receipt of final acceptance of the Shareholder Rights Plan from the TSX Venture Exchange.
Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the risk that the O'Brien Gold Project will never reach the production stage (including due to a lack of financing); the Company's capital requirements and access to funding; changes in legislation, regulations and accounting standards to which the Company is subject, including environmental, health and safety standards, and the impact of such legislation, regulations and standards on the Company's activities; price volatility and availability of commodities; instability in the global financial system; the effects of high inflation, such as higher commodity prices; the risk of any future litigation against the Company; changes in project parameters and/or economic assessments as plans continue to be refined; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; the risk that the TSX Venture Exchange does not provide final acceptance of the Shareholder Rights Plan; risks relating to the drill results at O'Brien; the significance of drill results; and the ability of drill results to accurately predict mineralization. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.
Please refer to the "Risks and Uncertainties Related to Exploration" and the "Risks Related to Financing and Development" sections of the Company's Management's Discussion and Analysis dated April 23, 2026 for the year ended December 31, 2025 available electronically on SEDAR+ at www.sedarplus.ca. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301229