Proceeds used for exploration work on the Rompas project in Finland
By Devika Patel
Knoxville, Tenn., Oct. 14 – Mawson Resources Ltd. said it completed a C$3.01 million non-brokered private placement of units. The deal priced for C$3.05 million on Sept. 29.
The company sold 9,124,243 units of one common share and one half-share warrant at C$0.33 per unit. The whole warrants are exercisable at C$0.50 for two years. The strike price reflects a 56.25% premium to the Sept. 26 closing share price of C$0.32.
Sentient Global Resources Fund IV, LP bought 3,030,303 units for C$1 million.
Proceeds will be used for exploration work on Mawson’s Rompas project in Finland and for general working capital purposes.
Mawson is a Vancouver, B.C.-based gold exploration company.
| Issuer: | Mawson Resources Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$3,011,000
|
| Units: | 9,124,243
|
| Price: | C$0.33
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.50
|
| Agent: | Non-brokered
|
| Investor: | Sentient Global Resources Fund IV, LP (for C$1 million)
|
| Pricing date: | Sept. 29
|
| Settlement date: | Oct. 14
|
| Stock symbol: | Toronto: MAW
|
| Stock price: | C$0.32 at close Sept. 26
|
| Market capitalization: | C$17.99 million
|
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