Business
Mawson Announces Listing on TSX Venture Exchange and Corporate Update
VANCOUVER, BC / ACCESSWIRE / December 21, 2023 / Mawson Gold Limited ("Mawson" or the "Compa...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Announces Listing on TSX Venture Exchange and Corporate UpdateVANCOUVER, BC / ACCESSWIRE / December 21, 2023 / Mawson Gold Limited (\"Mawson\" or the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) announces that it has received final approval from the TSX Venture Exchange (the \"TSXV\") to list the common shares of Mawson (the \"Mawson Shares\") on the TSXV as a Tier 2 Mining Issuer. The Mawson Shares will be delisted from the Toronto Stock Exchange at the close of trading on January 3, 2024, and trading on the TSXV will commence at market open on January 4, 2024, under the symbol \"MAW\". The Company's CUSIP 577789100 and ISIN CA5777891006 remain unchanged.Corporate Update1. Sale of the Rajapalot gold-cobalt (Au-Co) project (\"Rajapalot\") in Finland to Springtide Capital was successfully completed on December 20, 2023Springtide Capital acquired all of the issued shares and inter-company debt of Mawson's wholly-owned Finnish subsidiary, Mawson Oy, which holds Rajapalot, for total consideration of C$6,500,000. Springtide raised C$14,121,835 pursuant to a non-brokered financing (the \"Non-Brokered Financing\"), of which C$6,500,000 were used by Springtide to pay the purchase price for Mawson Oy, and has received future commitments of over C$2,671,500 for the subsequent brokered offering (the \"Brokered Financing\"). The balance from the Non-Brokered Financing and the expected proceeds from the Brokered Financing, totaling approximately C$10,300,000, will be used by Springtide to fund resource expansion at Rajapalot and for general working capital.All Mawson shareholders (the \"Shareholders\")_are reminded that they can participate in the Brokered Financing to be undertaken by Springtide on terms consistent with the Non-Brokered Financing concurrently with Springtide's completion of a go public event (a \"Go Public Event\"). It is anticipated that Springtide will engage an agent for the Brokered Financing and that agent's fees will be paid by Springtide on the Brokered Financing.Shareholders who wish to participate in the Brokered Financing are encouraged to contact Mr. Neil MacRae at 1.778.999.4653 or Mawson directly at [email protected] as soon as possible. Springtide shall use its reasonable best efforts to complete a Go Public Event on the TSXV on or before March 31, 2024.2. Distribution of Mawson's 93,750,000 ...