Mawson's technical team are consistently reviewing opportunities with a view to generate value for Mawson shareholders through project acquisition, exploration and divestment. The Company believes its Finnish assets and newly acquired Australian assets are a natural fit, bringing together a high-quality gold exploration portfolio in two safe and mining friendly jurisdictions.
'Today's acquisition of gold assets in
Strategic 10% equity investment into Nagambie: Mawson will subscribe for 50.0 million ordinary shares of Nagambie ('Nagambie Shares'), which will represent a 10.0% shareholding in Nagambie. As consideration, Nagambie will receive 8.5 million common shares of Mawson ('Mawson Shares'), which will represent approximately 4.7% of the total issued Mawson Shares (after including the 1.0 million Mawson Shares from the Clonbinane acquisition).
Secures a right of first refusal for Mawson to take up or match proposals being considered over a competitive 2,000 square kilometre tenement package held by Nagambie. This package includes the
Provides Mawson with a pre-emptive right on future issuances of Nagambie Shares to avoid dilution.
About
About
The Company is also evaluating: Underwater storage of sulphidic excavation material in the two legacy gold pits at the
Recycling of the tailings and overburden dumps to produce aggregates for concrete and gravel products respectively.
Quarrying and screening of sand deposits at the mine to produce various sand and quartz aggregate products is planned.
Contact:
Tel: +1 (604) 685 9316
Email: info@mawsonresources.com
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, 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.
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