Mawson Resources closes $8.1 million strategic investment by Goldcorp

14 February 2018
Client work

On Feb. 14, 2018, Mawson Resources Limited (TSX: MAW) (Frankfurt: MXR) (PINKSHEETS: MWSNF) reported that the company's previously announced private placement financing had closed. Mawson issued to Goldcorp Inc. (TSX:G) (NYSE: GG) 18,000,000 units for gross proceeds of $8.1 million, with each unit comprised of one common share and one half of one common share purchase warrant.

As a result, Goldcorp has become a new shareholder of the company holding approximately 12.7% of the issued and outstanding share capital of Mawson and 17.9% on a partially diluted basis, assuming full exercise of the Goldcorp warrants.

Mawson is a leading Nordic Arctic exploration company with a focus on the flagship Rompas and Rajapalot gold projects in Finland.

Gowling WLG advised Mawson in this transaction with a team that included Cyndi Laval and Tara Amiri-Khaledi.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.
Related   Natural Resources, Mergers & Acquisitions

Related Insights & Resources

View all insights Related Insights & Resources
Client work
21 March 2019 BatteryOne acquires royalty portfolio in the British Columbia copper belt
Client work
04 February 2019 Metalla acquires royalty on Atlantic Gold’s Fifteen Mile Stream project
Client work
27 January 2019 Karmin Exploration completes sale of Peruvian assets to subsidiary of VI Mining

Team

Download or print PDF