Mawson Shareholders Approve Arrangement with First Nordic Metals Corp.

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[{"type":"text","content":"Mawson Shareholders Approve Arrangement with First Nordic Metals Corp.\n\n\n\n VANCOUVER, British Columbia, Dec. 04, 2025 (GLOBE NEWSWIRE) --\n \n Mawson Finland Limited\n \n (“\n \n Mawson\n \n ” or the “\n \n Company\n \n ”) (TSX-V: MFL) is pleased to announce that shareholders of Mawson have overwhelmingly approved the proposed business combination of Mawson and First Nordic Metals Corp. (TSX-V: FNM, FNSE: FNMC SDB, OTCQX: FNMCF, FRA: HEG0) (“\n \n First Nordic\n \n ”) at Mawson’s special meeting of shareholders (the “\n \n Meeting\n \n ”) held earlier today, including the proposed acquisition by First Nordic of all of the issued and outstanding common shares of Mawson by way of a statutory plan of arrangement under section 182 of the\n \n Business Corporations Act\n \n (Ontario) (the “\n \n Arrangement\n \n ”), pursuant to the terms and subject to the conditions of the arrangement agreement between Mawson and First Nordic dated September 14, 2025 (the “\n \n Arrangement Agreement\n \n ”).\n \n\n A total of 11,568,435 common shares of the Company were voted at the Meeting, representing 52.09% of the issued and outstanding common shares, with 100% of those common shares voted in favour of the Arrangement.\n \n\n Subject to the satisfaction or waiver of the remaining conditions to the Arrangement, including but not limited to the final approval of the Arrangement by the Ontario Superior Court of Justice (Commercial List) which application is scheduled to be heard on December 8, 2025, closing of the Arrangement is expected to occur on or around December 16, 2025.\n \n\n Under the terms of the Arrangement, all of the issued and outstanding common shares of Mawson will be exchanged for 1.7884 First Nordic common shares following the expected completion of a 4:1 consolidation of First Nordic’s common shares (or 7.1534 on a pre-consolidation basis) for each Mawson common share held immediately prior to the effective time of the Arrangement. Following completion of the Arrangement, Mawson will become a direct wholly-owned subsidiary of First Nordic.\n \n\n Mawson’s common shares are expected to be delisted from the TSX Venture Exchange, and an application will be made for Mawson to cease to be a reporting issuer in all applicable ...

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