News Release
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
MAWSON RESOURCES CLOSES C$5.3 MILLION PRIVATE PLACEMENT FINANCING
Vancouver, Canada – Mawson Resources Limited (“Mawson” or the “Company”) (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) is pleased to announce that it has closed its previously announced private placement to raise gross proceeds of $5,258,150. The Offering consisted of a brokered offering led by Haywood Securities Inc., on behalf of a syndicate of agents including Canaccord Genuity Corp., Red Cloud Klondike Strike Inc., and Eight Capital, to raise gross proceeds of $3,084,100 (the “Brokered Offering”) and a concurrent non-brokered offering to raise $2,174,050 (the “Non-Brokered Offering”, and together with the Brokered Offering, the “Offering”).
Pursuant to the Offering, the Company issued a total of 15,023,285 units (the “Units”) at a price of C$0.35 per Unit. Each Unit is comprised of one common share in the capital of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of C$0.50 until December 8, 2019. All securities issued in connection with the Offering will be subject to a statutory four-month hold period.
Certain directors and officers of the Company participated in the Non-Brokered Offering for $148,750.
The net proceeds received by the Company from the Offering will be used for exploration on the Company’s exploration properties, primarily in Finland and for working capital and general corporate purposes.
This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)
Mawson Resources Limited is an exploration and development company. Mawson has distinguished itself as a leading Nordic Arctic exploration company with a focus on the flagship Rompas and Rajapalot gold projects in Finland.
On behalf of the Board,
“Michael Hudson”
Michael Hudson, Chairman & CEO
Further Information
www.mawsonresources.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez (Canada), Corporate Secretary, +1 (604) 685 9316,
info@mawsonresources.com