Here's a summary of our interview with Radisson Mining CEO Matthew Manson, recorded the day after Agnico Eagle's C$57.2 million investment.
Overview:
What have they done for shareholders lately?
How much money do they have and what are they spending it on?
Upcoming catalysts
Risks
Full Article: https://resourcetalks.com/uncategorized/agnico-invests-57m-in-quebec-gold-project-but-is-it-enough-to-de-risk-it/
TL;DR
The headline is Agnico Eagle putting C$57.2 million into Radisson, buying 53,420,000 units at C$1.07 with a half warrant at C$1.39 running five years. That takes Agnico to 10.45% undiluted and up to 14.9% if the warrants are exercised, and it comes with a board seat, top up and participation rights, and a restriction on property level encumbrances such as royalties, streams and secured debt until the end of 2028. CEO Manson was clear that change of control is carved out, so nothing blocks a sale of the company. The money is earmarked for an underground exploration ramp, not a bulk sample, and he expects roughly C$100 million pro forma in treasury. I asked him directly whether that funds a production decision and he said probably not, but it takes them a long way down the path.
