VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 09/09/13 — Mawson Resources Limited („Mawson“) or (the „Company“) (TSX: MAW)(FRANKFURT: MXR)(PINKSHEETS: MWSNF) announces the closing of the second and final tranche of the non-brokered private placement financing (the „Second Tranche“) previously announced by the Company (See news releases July 17, August 6 and September 3, 2013).
Under the Second Tranche, Sentient Global Resources Fund IV, L.P. (the „Sentient Fund“), part of a group of funds which is an insider of Mawson (the „Sentient Group“), was issued 3,634,000 Units for gross proceeds of $1,635,300. Each Unit consists of one common share of Mawson and one-half of one non-transferable common share purchase warrant (the „Warrants“). Each whole Warrant is exercisable to acquire one additional common share of Mawson at a price of $0.65 until September 9, 2015.
Following closing of the Second Tranche, the Sentient Group holds approximately 35.05% of the issued and outstanding common shares of Mawson on a partially diluted basis (taking into account the full exercise of the warrants issued to the Sentient Fund).
The securities issued under the Second Tranche are subject to a four-month hold period expiring on January 10, 2014.
The net proceeds from the financing will be used to advance exploration work on Mawson-s projects in Finland and for general working capital purposes.
About Mawson Resources Limited (TSX: MAW)(FRANKFURT: MXR)(PINKSHEETS: MWSNF)
Mawson Resources Limited is a resource acquisition and development company. Mawson has distinguished itself as a leading Scandinavian exploration company with a focus on the flagship Rompas gold project in Finland.
On behalf of the Board,
Michael Hudson, President & CEO
Forward-Looking Statement
The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading „Risk Factors“ in Mawson-s periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. Mawson does not assume the obligation to update any forward-looking statement. The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Investor Information Mawson Resources Limited Mariana Bermudez +1 (604) 685 9316
Mawson Resources Limited Donna Werbes +1 (604) 685 9316
Mawson Resources Limited Seema Sindwani +1 647-478-3017
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