logo-loader
MiningGold & silver
MAWSON RESOURCES LTD

Mawson Resources proposes to extend term of share purchase warrants

The company said it is proposing to extend the term of 7.5 million common share purchase warrants

1538084447_MawsonTruck.jpg
Mawson is an exploration company with its flagship Rajapalot and Rompas gold projects in Finland

Mawson Resources Ltd (TSE:MAW) announced Thursday that it is is aiming to extend the term of 7.5 million common share purchase warrants that were issued in connection with the closing of a non-brokered private placement in 2016.

Each warrant entitles holders to purchase one common share of Mawson at an exercise price of $0.60 per share and are currently set to expire Dec. 2, 2018.

The company recently unveiled more positive drill results from its Rajapalot project in Finland.

READ: Mawson Resources shares nudge higher following more Rajapalot results; company eyeing maiden resource

The company said it will is aiming to extend the expiry date of the warrants by one year, subject to an acceleration provision, and will make an application with the Toronto Stock Exchange. 

The company said the proposed extension is conditional to Toronto Stock Exchange approval.

Shares of Mawson were at C$0.31 on Thursday. 

 

Quick facts: MAWSON RESOURCES LTD

Price: $0.19

Market: TSX
Market Cap: $27.05 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of MAWSON RESOURCES LTD named herein, including the promotion by the Company of MAWSON RESOURCES LTD in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Mawson Resources releases impressive number from new target at Rajapalot Project

Mawson Resources (TSE:MAW) President and CEO Michael Hudson joined Steve Darling on Skype from the Arctic Circle at their project Rajapalot to share results from a new target they have tested. This target is about 100 metres to the south of where they started exploring. Hudson also told...

on 16/5/19

RNS

1st Quarter Results

3 weeks, 5 days ago

Final Results

on 26/4/19

3rd Quarter Results

on 31/1/19

Half-year Report

on 30/10/18

1st Quarter Results

on 26/7/18

Final Results

on 27/4/18

3rd Quarter Results

on 30/1/18

Half-year Report

on 31/10/17

2 min read