Mawson Resources closes $8.1 million strategic investment by Goldcorp

1 minute read
14 February 2018

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.

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