Mawson Resources closes oversubscribed $17 million public offering of units

On May 20, 2020, Mawson Resources Limited (TSX: MAW) (Frankfurt: MXR) (PINKSHEETS: MWSNF) announced that it had closed its previously announced public offering of units to raise gross proceeds of $17,000,200.  Red Cloud Securities Inc. and Sprott Capital Partners LP acted as the co-lead agents for the offering.

Mawson is a gold exploration and development company. Mawson has distinguished itself as a leading Nordic Arctic exploration company with a focus on the flagship Rajapalot gold-cobalt project in Finland. The recent acquisition in the Victorian goldfields of Australia provides the company with a strategic and diversified portfolio of high-quality gold exploration assets in two tier one and safe jurisdictions.

Gowling WLG advised Mawson with respect to this offering with a team that included Cyndi Laval, Tara Amiri and Jason Mullins (corporate) and Brent Kerr and Anita Yuk (tax), assisted by student-at-law Drew Hubka.