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