Proceeds used for exploration work on the Rompas project in Finland
By Devika Patel
Knoxville, Tenn., July 17 - Mawson Resources Ltd. said it has arranged a C$4.2 million non-brokered private placement of units.
The company will sell 9,333,000 units of one common share and one half-share warrant at C$0.45 per unit. The whole warrants are exercisable at C$0.65 for two years. The strike price reflects a 62.5% premium to the July 16 closing share price of C$0.40.
Proceeds will be used for exploration work on Mawson's Rompas project in Finland and general working capital purposes.
Mawson is a Vancouver, B.C.-based resource acquisition and development company with precious and base metal interests in Finland and Sweden.
| Issuer: | Mawson Resources Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$4,199,850
|
| Units: | 9,333,000
|
| Price: | C$0.45
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.65
|
| Agent: | Non-brokered
|
| Pricing date: | July 17
|
| Stock symbol: | Toronto: MAW
|
| Stock price: | C$0.40 at close July 16
|
| Market capitalization: | C$22.15 million
|
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