| | Published : December 07th, 2011 | to Exchange Scandinavian Uranium Assets for Shares |
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Re: News Release - Wednesday, December 07, 2011 Title: Mawson to Exchange Scandinavian Uranium Assets for Shares
Vancouver, Canada - Mawson Resources Limited ("Mawson" or the "Company") TSX - MAW; Frankfurt - MRY. Mr. Michael Hudson, President & CEO, announces that the Company has signed a letter of intent (the "LOI") with Tournigan Energy Ltd. (TSXV: TVC) ("Tournigan") whereby Tournigan will acquire seven of Mawson's uranium exploration projects located in Sweden and Finland for aggregate consideration of 53,639,848 common shares of Tournigan (the "TVC Shares"), representing approximately 20.5% of Tournigan's issued capital post-closing of the transactions.
Pursuant to the LOI, Tournigan has agreed that immediately prior to the acquisition AREVA, ranked first in the global nuclear power industry, a key player in uranium mining and one of Mawson's largest and most significant shareholders will participate in an exclusive private placement with Tournigan, enter into a Technical Services Agreement and nominate a representative to the Tournigan board. Subsequently, Tournigan will change its name to "European Uranium Resources Ltd." and complete a consolidation of its shares on a 1 new for 5 old basis.
The exchange of Mawson's non-core uranium interests pursuant to the LOI for shares in a dedicated uranium exploration and development company forms part of the reorganization of the business and capital of Mawson, together with the spin out of its Peruvian assets announced in the Company's news release of November 30, 2011. Subject to obtaining necessary approvals, Mawson will distribute the TVC Shares to its shareholders in conjunction with the spin out of its Peruvian assets and overall reorganization of its business and capital. Further details on these transactions will be announced as soon as all the legal, tax and procedural formalities are finalized.
The seven uranium projects that Tournigan will acquire are the Hotagen, Duobblon, Kapell and Aronsj� projects in Sweden and the Riutta, Asento and Nuottij�rvi projects in Finland.
Mr. Hudson states, "Mawson's 100% owned Rompas gold discovery in Finland has developed into a significant project that will take a majority of Mawson's focus and resources for the foreseeable future. The Board has therefore decided to exchange its non-core uranium interests for a significant shareholding in a dedicated European uranium exploration and development company with a strong shareholder and technical partner in AREVA, the largest integrated nuclear company in the world. On distribution of the shares, Mawson shareholders shall own approximately 20.5% of the restructured Tournigan which will continue as European Uranium Resources Ltd."
The LOI is subject to normal conditions precedent for these types of transactions, including finalization of a formal purchase agreement, satisfactory due diligence by both parties and acceptance by regulatory authorities.
About Mawson Resources Limited (TSX:MAW, FRANKFURT:MRY, PINKSHEETS:MWSNF)
Mawson Resources Limited is a resource acquisition and development company. The Company has distinguished itself as a leading Scandinavian exploration company with a focus on the flagship Rompas gold project in Finland.
Shares Outstanding: 51,680,753. Cash: approximately C$11.0 million.
On behalf of the Board,
"Michael Hudson" Michael Hudson, President & CEO |
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Investor Information www.mawsonresources.com 1305 � 1090 West Georgia St., Vancouver, BC, V6E 3V7 Company Contact: Mariana Bermudez +1 (604) 685 9316 Investor Relation Consultants - Mining Interactive Nick Nicolaas +1 (604) 657 4058 Email: info@mawsonresources.com |
Forward Looking Statement. The statements herein that are not historical facts 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 the company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement. The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Copyright � 2011 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 ..
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Mawson Resources Limited
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DEVELOPMENT STAGE |
CODE : MAW.TO |
ISIN : CA57776G1063 |
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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 CA$ 31.6 millions as of today (US$ 25.3 millions, € 24.0 millions). Its stock quote reached its highest recent level on April 15, 2011 at CA$ 2.75, and its lowest recent point on July 29, 2022 at CA$ 0.10. Mawson Res. has 105 310 000 shares outstanding. |
In the News and Medias of Mawson Resources Limited |
Annual reports of Mawson Resources Limited |
Financings of Mawson Resources Limited |
Option Grants of Mawson Resources Limited |
Nominations of Mawson Resources Limited |
Project news of Mawson Resources Limited |
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 |
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Corporate news of Mawson Resources Limited |
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 | Mawson Announces Court Ruling in Finland |
12/31/2014 | 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 | Mawson metallurgical tests show up to 99% gold extraction at... |
10/28/2014 | metallurgical tests show up to 99% gold extraction at Paloka... |
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 | Mawson Restarts Drilling at the Palokas Gold Prospect in Fin... |
9/4/2014 | Restarts Drilling at the Palokas Gold Prospect in Finland |
8/13/2014 | Mawson extends discovery trend at Palokas, Finland |
8/13/2014 | 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 |
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