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Published on 5/13/2010 in the Prospect News PIPE Daily.

New Issue: Mawson Resources seals C$1.36 million private placement of equity unit

By Devika Patel

Knoxville, Tenn., May 13 - Mawson Resources Ltd. announced it raised C$1.36 million in a private placement of a single unit. The deal priced April 30.

The company sold a single unit to Compagnie Francaise de Mines et Metaux.

The unit consists of 4,696,698 common shares and one warrant for 4,217,012 shares. The four-year warrant will be exercisable at C$1.00.

Mawson is a Vancouver, B.C.-based mineral exploration company.

Issuer:Mawson Resources Ltd.
Issue:Units of 4,696,698 common shares and a warrant
Amount:C$1,362,042
Units:1
Price:C$1,362,042
Warrants:One warrant for 4,217,012 shares
Warrant expiration:Four years
Warrant strike price:C$1.00
Investor:Compagnie Francaise de Mines et Metaux
Pricing date:April 30
Settlement date:May 13
Stock symbol:Toronto: MAW
Stock price:C$0.40 at close April 30
Market capitalization:C$13.9 million

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