| | Published : April 30th, 2012 | and Darwin Complete Statutory Plan of Arrangement |
|
Article
|
Comments
|
Comment this article
|
Rating
|
♥
Follow Company
|
|
Re: News Releases - Monday, April 30, 2012 Title: Mawson and Darwin Complete Statutory Plan of Arrangement
Vancouver, Canada -- Mawson Resources Limited ("Mawson") (TSX -- MAW; Frankfurt -- MRY) and Darwin Resources Corp. ("Darwin") (TSXV -- DAR) are pleased to announce that, further to the news release of Mawson dated April 24, 2012, they have completed the previously announced court approved plan of arrangement (the "Arrangement") as part of the reorganization of the business and capital of Mawson into Mawson and Darwin (the "Reorganization"). The Reorganization is intended to maximize value for Mawson shareholders and allow Mawson to focus on the development of its flagship Rompas property in Finland.
Under the Arrangement, among other things, holders of Mawson common shares ("Old Mawson Shares") as at the Arrangement effective time of 12:01 a.m. (PDT) on Monday, April 30, 2012 (the "Effective Time") will be entitled to receive one (1) new common share of Mawson (a "New Mawson Share), one-third (1/3) of a Darwin common share (a "Darwin Share") and approximately one-fifth (1/5) of one common share of European Uranium Resources Ltd. (formerly Tournigan Energy Ltd.) (TSXV: EUU) ("EU Shares") for each one Old Mawson Share held. If you are a registered shareholder of Mawson and hold your share certificate then in order to receive the New Mawson Shares, Darwin Shares and EU Shares, you must deliver a properly completed Letter of Transmittal and the share certificates representing your Old Mawson Shares to Computershare Investor Services Inc., the Depositary under the Arrangements, at the address specified in the Letter of Transmittal. The Letter of Transmittal was mailed to all shareholders on March 5, 2012 - either directly or via their broker if their shares are held indirectly - and is also available under Mawson's profile on SEDAR at www.sedar.com, on Mawson's website at http://www.mawsonresources.com/s/Shareholders.asp, or by contacting Mawson directly. The Letter of Transmittal is for use by registered shareholders only and is not to be used by beneficial holders of Mawson shares (the "Beneficial Shareholders"). A Beneficial Shareholder does not hold Mawson shares in its name but such shares are held by an intermediary such as a brokerage firm or clearing agency such as CDS. If you are a Beneficial Shareholder your intermediary will submit the required documentation in order to receive the New Mawson Shares, Darwin Shares and EU Shares.
As at the Effective Time, 52,224,253 New Mawson Shares and 26,158,071 Darwin Shares are issued and outstanding.
Pursuant to the Reorganization, Mawson (i) transferred to Darwin all of the shares of Mawson Peru S.A.C., a Peruvian company which owns an early stage portfolio of copper-gold assets in Peru, and (ii) assigned to Darwin the right to acquire 100% of the issued and outstanding shares of Altynor Peru Mining S.A.C. ("Altynor Peru"). Altynor Peru holds an option to purchase 100% of the Alto Quemado gold-copper properties (the "Alto Quemado Project") from Alto Quemado Mining Company S.A.C. ("AQMC"). The Alto Quemado Project is located in southern Peru in the Province of Caylloma within the Department of Arequipa, about 98 km northwest of the city of Arequipa. The Alto Quemado Project is comprised of seven mineral concessions totalling 3,800 hectares. In order for Altynor Peru to exercise the option it must make a payment of �5.12M by July 16, 2014, unless extended by mutual consent. AQMC will retain a net smelter return (NSR) payable at a rate between 1% and 3% dependent on the price of gold. Altynor Peru holds the first right of refusal to purchase the NSR from AQMC. For further details on the option agreement and the underlying purchase agreement, please see news releases of Mawson dated April 27, 2011, and March 8, 2010, filed on its corporate profile on SEDAR at www.sedar.com and on its website at www.mawsonresources.com.
Prior to the Effective Time, Darwin closed a private placement of 8,750,000 subscription receipts (the "Subscription Receipts") for total gross proceeds of $3.5 million. Each Subscription Receipt was deemed exercised at the Effective Time into units of Darwin as a step in the Arrangement. Each unit is comprised of one Darwin Share and one-half of one warrant of Darwin. Each whole warrant is exercisable into one Darwin Share at a price of CAD$0.60 per Darwin Share until April 30, 2014. As at the Effective Time, Darwin has working capital of approximately $4,403,231.
The Darwin Shares have been conditionally approved for listing on the TSX Venture Exchange ("TSXV") and it is anticipated the Darwin Shares will commence trading on the TSXV under the symbol 'DAR' on Wednesday, May 2, 2012. Darwin's management team is led by Dr. Graham Carman, President & CEO.
The Old Mawson Shares will continue to trade until the close of trading on May 2, 2012. At the commencement of trading on May 3, 2012, it is expected that the Old Mawson Shares will be delisted from the Toronto Stock Exchange ("TSX") and the New Mawson Shares will commence trading as common shares of Mawson under the symbol 'MAW' in substitution for the Old Mawson Shares. The substitutional listing of the New Mawson Shares on the TSX and the listing of the Darwin Shares on the TSXV remain subject to the final approval of the TSX and TSXV, respectively.
About Mawson Resources Limited (TSX:MAW, FRANKFURT:MRY, PINKSHEETS:MWSNF) and Darwin Resources Corp.
Mawson Resources Limited is a resource acquisition and development company. Mawson has distinguished itself as a leading Scandinavian exploration company with a focus on the flagship Rompas gold project in Finland. Darwin Resources Corp. is a resource acquisition and development company. Darwin's flagship project is the Alto Quemado Project in Peru.
On behalf of the Boards of Mawson Resources Limited and Darwin Resources Corp.
"Michael Hudson" Michael Hudson, President & CEO of Mawson Resources Limited
"Graham Carman" Graham Carman, President & CEO of Darwin Resources Corp.
For further information, please contact:
Investor Information:
1305 -- 1090 West Georgia St., Vancouver, BC, V6E 3V7 Company Contact: Mariana Bermudez +1 (604) 685 9316 Seema Sindwani (Institutional IR) +1 647-478-3017 Nick Nicolaas (Retail IR) +1 (604) 657 4058 Email: info@mawsonresources.com or info@darwinresources.com
Forward Looking Statements. The statements included herein, other than statements of historical fact, including, without limitation, statements regarding the Arrangement and the Reorganization, are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in Mawson's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. Mawson does not assume the obligation to update any forward-looking statement except as required by law.
Neither the Toronto Stock Exchange, the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), accepts responsibility for the adequacy or accuracy of this news release.
Copyright � 2012 MAWSON RESOURCES LTD. (MAW) All rights reserved. For more information visit our website at http://www.mawsonresources.com or send email to info@mawsonresources.com .. Message sent on Mon Apr 30, 2012 at 5:23:19 AM Pacific Time
|
VanEck Vectors Global Alternative Energy ETF
|
|
DEVELOPMENT STAGE |
CODE : MAW.V |
ISIN : CA57776G1063 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Mawson Res. is a gold and uranium exploration company based in Canada. Mawson Res. holds various exploration projects in Peru and in Sweden. Its main asset in development is FLISTJARN in Sweden and its main exploration properties are NUOTTIJÄRVI URANIUM PROJECT and ROMPAS in Finland, STENSJÖDALEN URANIUM PROJECT, SJAULE URANIUM PROJECT, LÅNGVATTNET URANIUM PROJECT, ÅSNEBOGRUVAN URANIUM PROJECT, NORR DÖTTERN URANIUM PROJECT, PRÄSTRUN URANIUM PROJECT, TRESJÖARNA URANIUM PROJECT, TÅSJÖ, DUOBBLON URANIUM PROJECT and KLÄPPIBÄCKEN in Sweden, DON BENITO in Spain and ALTO QUEMADO in Peru. Mawson Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is 44.6 millions as of today (US$ 32.8 millions, € 29.4 millions). Its stock quote reached its lowest recent point on August 02, 2024 at 0.54, and its highest recent level on August 30, 2024 at 0.98. Mawson Res. has 47 442 200 shares outstanding. |
In the News and Medias of VanEck Vectors Global Alternative Energy ETF |
Annual reports of VanEck Vectors Global Alternative Energy ETF |
Financings of VanEck Vectors Global Alternative Energy ETF |
Option Grants of VanEck Vectors Global Alternative Energy ETF |
Nominations of VanEck Vectors Global Alternative Energy ETF |
Project news of VanEck Vectors Global Alternative Energy ETF |
10/7/2014 | Mawson Resources Limited - First high grade gold shallow dri... |
2/18/2014 | Continues to Expand Mineralization Along Trend at Rajapalot,... |
1/20/2014 | Intersects 19.0 Metres At 2.3 G/T Gold At Palokas, Finland |
10/3/2013 | Drills 9 Metres at 10.2 g/t Gold at Palokas, Finland |
9/18/2013 | (Rompas)Announces Restart of Diamond Drilling at Rompas, Finland |
4/3/2013 | (Rompas)Drills 0.5 Metres At 148 G/T Gold Uncut At South Rompas, Fin... |
1/14/2013 | Grab Samples up to 1,520 G/T Gold at Rajapalot, Finland |
5/31/2012 | (Rompas)Drills 6 Metres at 617 g/t Gold Uncut at Rompas, Finland |
3/6/2012 | (Rompas)First Diamond Drill Program Commences at Rompas in Finland |
2/6/2012 | (Rompas)Discovers Further Mineralization at Rompas in Finland with P... |
6/30/2011 | (Rompas)Launches Summer Work at The Rompas Gold Discovery in Finland... |
5/3/2011 | (Rompas)Files One of Finland's Largest Claim Applications at Rompas |
4/28/2011 | (Alto Quemado)Registers Agreements for the Alto Quemado Gold-Copper Projec... |
4/27/2011 | (Alto Quemado)REGISTERS AGREEMENTS FOR THE ALTO QUEMADO GOLD-COPPER PROJEC... |
3/16/2011 | (Rompas)Receives Permit for Shallow Drilling at the Rompas Gold Proj... |
2/22/2011 | (Rompas)Channels 0.35 Metres @ 1,460 g/t Gold And 1.4% Uranium And G... |
10/12/2010 | (Rompas)Samples Up To 1,415 Grams Per Tonne Gold At Rompas In Finlan... |
6/16/2010 | Increases Claim Holding And Releases NI43-101 Technical Repo... |
6/7/2010 | Reports Bonanza Gold with High Grade Uranium at Rompas, Finl... |
11/7/2007 | (Flistjarn)Stakes Three Uranium Claims at Saramki, Finland |
8/15/2007 | Significance of Tasjo Uranium Project and Recent Drill Resul... |
8/14/2007 | Results from Tasjo Uranium Project, Sweden |
4/23/2007 | Identifies High-Grade Uranium at Tresjoarna In Sweden |
|
Corporate news of VanEck Vectors Global Alternative Energy ETF |
7/12/2016 | MAWSON TO DRILL 1,000 BASE OF TILL HOLES AT THE RAJAPALOT GO... |
4/26/2016 | MAWSON DRILLS 2.9 METRES @ 5.9 g/t GOLD AT PALOKAS GOLD PROJ... |
4/4/2016 | MAWSON ANNOUNCES RESIGNATION OF DIRECTOR GIL LEATHLEY |
1/18/2016 | MAWSON UPDATES DRILL AND GEOPHYSICAL PROGRAMS AT PALOKAS GOL... |
12/18/2015 | MAWSON COMMENCES 4,000 METRE DRILL AND 3D GEOPHYSICAL PROGRA... |
12/2/2015 | MAWSON ANNOUNCES CLOSING OF $3.1 MILLION PRIVATE PLACEMENT F... |
11/27/2015 | MAWSON ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETI... |
10/22/2015 | MAWSON ANNOUNCES $3 MILLION PRIVATE PLACEMENT FINANCING |
10/22/2015 | IIROC Trade Resumption - MAW |
10/22/2015 | IIROC Trading Halt - MAW |
10/21/2015 | MAWSON DRILLS 7.0 METRES AT 7.2 g/t GOLD AT PALOKAS, FINLAND |
10/14/2015 | MAWSON DRILLS 20.6 METRES AT 2.7 g/t GOLD AT PALOKAS, FINLAN... |
9/24/2015 | MAWSON DRILLS 5.8 METRES AT 6.2 g/t GOLD AT PALOKAS, FINLAND |
9/3/2015 | Mawson Drills 19.0 Metres at 5.3 g/t Gold at Palokas, Finlan... |
9/1/2015 | Mawson Drills 19.0 Metres at 5.3 G/t Gold at Palokas, Finlan... |
8/24/2015 | Mawson Requests Police Investigation Against an NGO in Finla... |
8/24/2015 | Mawson Requests Police Investigation Against an NGO In Finla... |
7/30/2015 | Mawson Restarts Drilling at the Palokas Gold Prospect in Fin... |
7/30/2015 | Restarts Drilling at the Palokas Gold Prospect in Finland |
7/21/2015 | Mawson Announces Extension of Share Purchase Warrants |
6/22/2015 | Mawson Notified of Re-Appeal by NGO in Finland KANSALAISJÄRJ... |
6/22/2015 | Mawson Notified of Re-Appeal by NGO in Finland |
6/22/2015 | Notified of Re-appeal by NGO in Finland |
4/8/2015 | Mawson Recommences Drilling at the Palokas Gold Prospect, Fi... |
4/7/2015 | Mawson Recommences Drilling at the Palokas Gold Prospect, Fi... |
4/7/2015 | Recommences Drilling at the Palokas Gold Prospect, Finland |
3/16/2015 | Mawson Extends Palokas Gold Prospect, Finland |
3/16/2015 | extends Palokas gold prospect, Finland |
1/13/2015 | Mawson Completes Geophysical Survey at the Palokas Gold Pros... |
1/8/2015 | Mawson Announces Court Ruling In Finland Kemi-tornion käräjä... |
12/31/2014 | Announces Court Ruling in Finland |
12/31/2014 | Mawson Announces Court Ruling in Finland |
12/22/2014 | Announces Results of Annual General Meeting of Shareholders |
12/22/2014 | Mawson Announces Results of Annual General Meeting of Shareh... |
11/28/2014 | Mawson Environmental Leader Appointment Finland MAWSONILLE N... |
11/12/2014 | Environmental Leader Appointment Finland |
11/12/2014 | Mawson Environmental Leader Appointment Finland |
10/30/2014 | Mawson Resources announces date of Annual General Meeting ("... |
10/28/2014 | metallurgical tests show up to 99% gold extraction at Paloka... |
10/28/2014 | Mawson metallurgical tests show up to 99% gold extraction at... |
10/14/2014 | Mawson Resources announces closing of private placement fina... |
9/29/2014 | Mawson announces $3.05 million private placement financing |
9/4/2014 | Restarts Drilling at the Palokas Gold Prospect in Finland |
9/4/2014 | Mawson Restarts Drilling at the Palokas Gold Prospect in Fin... |
8/13/2014 | extends discovery trend at Palokas, Finland |
8/13/2014 | Mawson extends discovery trend at Palokas, Finland |
7/30/2014 | Mawson Prepares to Core Sample the Palokas Gold Project in F... |
12/9/2013 | (Rompas)Commences Geophysical Survey At Rompas, Finland. |
10/16/2013 | Intersects 19.5 Metres at 7.4 g/t Gold From Surface at Palok... |
7/17/2013 | Announces $4.2 Million Private Placement Financing |
6/26/2013 | (Rompas)Kaita Gold Discovery & Exploration Update from Rompas, Finla... |
5/21/2013 | (Rompas)Rompas High Grade Gold Project, Finland: Project Update |
2/4/2013 | announces appointment of VP Exploration |
1/24/2013 | Announces Results of AGM |
10/29/2012 | Grab Samples Up To 2,817g/T Gold At Rajapalot, Finland |
10/17/2012 | (Rompas)Rompas Claims Gain Legal Force In Finland |
8/20/2012 | (Rompas)Announces Final Phase 1 Drill Results And Updates Summer Ex... |
5/2/2012 | Spin-Out Darwin Resources Begins Trading on the TSX Venture ... |
4/30/2012 | and Darwin Complete Statutory Plan of Arrangement |
4/24/2012 | On Listing Of The Common Shares Of Darwin Resources Corp. |
4/12/2012 | on Plan of Arrangement With Darwin Resources Corp. |
4/9/2012 | (Rompas)Mobilizes Second Rig To Rompas In Finland |
4/2/2012 | Shareholders Of Mawson Approve Plan Of Arrangement With Darw... |
3/1/2012 | Provides Update On Reorganization Completes Sale Of Subsidia... |
2/10/2012 | (Rompas)Gains Permission To Drill At Rompas |
12/28/2011 | Provides Update on Transaction with Tournigan Energy Ltd. |
12/7/2011 | to Exchange Scandinavian Uranium Assets for Shares |
12/2/2011 | (Rompas)s Permit Status at Rompas in Finland |
10/14/2011 | Postpones Date of Annual Meeting of Shareholders |
9/20/2011 | intersects 11.3 metres at 0.68% U3O8 at Riutta in Finland |
9/6/2011 | Clarifies Disclosure |
8/23/2011 | s Work Programs in Finland |
7/7/2011 | (Alto Quemado)Outlines a C$750,000 Program at Alto Quemado in Peru |
7/22/2010 | Outlines Summer Work Programs At The Rompas Gold Uranium Dis... |
10/9/2007 | Obtains Permission to Drill at Klappibacken Uranium Project |
9/4/2007 | - 1st Quarter Financial Year 2007/08 Update - Drilling and C... |
6/2/2007 | Stakes 2.9 Million Pound Historic Uranium Resource in Finlan... |
5/10/2007 | ACQUIRES NEW URANIUM PROJECTS IN SALAMANCA, SPAIN |
5/10/2007 | acquires new uranium projects in Salamanca, Spain |
3/26/2007 | STARTS DRILLING AT KLAPPIBACKEN URANIUM PROJECT |
|
|