/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR DISSEMINATION IN THE UNITED
STATES./
VANCOUVER, Dec. 8, 2017 /CNW/ - Mawson Resources
Limited ("Mawson" or the "Company") (TSX:MAW)
(Frankfurt:MXR) (PINKSHEETS: MWSNF) is pleased to announce that
it has closed its previously announced private placement to raise
gross proceeds of $5,258,150. The
Offering consisted of a brokered offering led by Haywood Securities
Inc., on behalf of a syndicate of agents including Canaccord
Genuity Corp., Red Cloud Klondike Strike Inc., and Eight Capital,
to raise gross proceeds of $3,084,100
(the "Brokered Offering") and a concurrent non-brokered offering to
raise $2,174,050 (the "Non-Brokered
Offering", and together with the Brokered Offering, the
"Offering").
Pursuant to the Offering, the Company issued a total of
15,023,285 units (the "Units") at a price of C$0.35 per Unit. Each Unit is comprised of one
common share in the capital of the Company and one-half of one
common share purchase warrant (each whole common share purchase
warrant, a "Warrant"). Each Warrant entitles the holder thereof to
acquire one common share of the Company at a price of C$0.50 until December 8,
2019. All securities issued in connection with the Offering
will be subject to a statutory four-month hold period.
Certain directors and officers of the Company participated in
the Non-Brokered Offering for $148,750.
The net proceeds received by the Company from the Offering will
be used for exploration on the Company's exploration properties,
primarily in Finland and for
working capital and general corporate purposes.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of any
of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The securities have not
been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act"), or the
securities laws of any state of the
United States and may not be offered or sold within
the United States or to, or for
the account or benefit of, a U.S. person (as defined in Regulation
S under the U.S. Securities Act) unless registered under the U.S.
Securities Act and applicable state securities laws or pursuant to
an exemption from such registration requirements.
About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR,
PINKSHEETS:MWSNF)
Mawson Resources Limited is an exploration and development
company. Mawson has distinguished itself as a leading Nordic Arctic
exploration company with a focus on the flagship Rompas and
Rajapalot gold projects in Finland.
On behalf of the Board,
"Michael
Hudson"
Michael Hudson, Chairman &
CEO
Forward-Looking Statement
This news release contains forward-looking statements or
forward-looking information within the meaning of applicable
securities laws (collectively, "forward-looking statements"). All
statements herein, other than statements of historical fact, are
forward-looking statements. Although Mawson believes that such
statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking
statements are typically identified by words such as: believe,
expect, anticipate, intend, estimate, postulate, and similar
expressions, or are those, which, by their nature, refer to future
events. Mawson cautions investors that any forward-looking
statements are not guarantees of future results or performance, and
that actual results may differ materially from those in
forward-looking statements as a result of various factors,
including, but not limited to, the proposed use of the net proceeds
of the Offering, capital and other costs varying significantly from
estimates, changes in world metal markets, changes in equity
markets, planned drill programs and results varying from
expectations, delays in obtaining results, equipment failure,
unexpected geological conditions, local community relations,
dealings with non-governmental organizations, delays in operations
due to permit grants, environmental and safety risks, and other
risks and uncertainties disclosed under the heading "Risk Factors"
in Mawson's most recent Annual Information Form filed on
www.sedar.com. Any forward-looking statement speaks only as of the
date on which it is made and, except as may be required by
applicable securities laws, Mawson disclaims any intent or
obligation to update any forward-looking statement, whether as a
result of new information, future events or results or
otherwise.
SOURCE Mawson Resources Ltd.