Aug 10 (Reuters) - Ressources Minieres Radisson Inc RDS.V :
* RADISSON TO ACQUIRE THE NEW ALGER PROJECT AND PARTNER WITH RENFORTH RESOURCES INC.
* RESSOURCES MINIERES RADISSON INC - 12 MILLION CLASS A COMMON SHARES OF RADISSON WILL BE ISSUED TO RENFORTH UPON CLOSING OF TRANSACTION
* RESSOURCES MINIERES RADISSON INC - RENFORTH PLANS TO COMPLETE A CONCURRENT FINANCING TO RAISE ABOUT $3.24 MILLION IN CASH PROCEEDS
* RESSOURCES MINIERES RADISSON INC - TO ENTER INTO A LONG-TERM STRATEGIC RELATIONSHIP THROUGH A 9.6% EQUITY INVESTMENT BY RADISSON IN RENFORTH