By Sheri Kasprzak
New York, Sept. 13 - Mawson Resources Ltd. said it has upsized a previously announced private placement to C$2.4 million from C$1.2 million.
The company will now sell up to 6 million units at C$0.40 each.
The units are comprised of one share and one half-share warrant. The whole warrants are exercisable at C$0.50 each for two years.
The offering was first announced Aug. 30 as a C$1.2 million deal composed of up to 3 million units. The expiry of the warrants was extended from one year, but the other terms remain the same.
According to a statement from Mawson, the offering was increased to satisfy investor demand.
Based in Vancouver, B.C., Mawson is a gold exploration company.
| Issuer: | Mawson Resources Ltd.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$2.4 million (maximum)
|
| Units: | 6 million (maximum)
|
| Price: | C$0.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.50
|
| Pricing date: | Aug. 30
|
| Amended: | Sept. 12
|
| Stock price: | C$0.43 at close Sept. 12
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
