/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, BC, Feb. 12,
2025 /CNW/ - Mawson Finland Limited
("Mawson" or the "Company") (TSXV: MFL) is pleased to
announce that it has entered into an agreement with Stifel Nicolaus
Canada Inc. (the "Agent") to act as lead agent and sole
bookrunner in connection with a "best efforts" private placement
financing (the "Offering") for aggregate gross proceeds of
up to C$5,000,000 from the issuance
and sale of up to 2,631,579 common shares of the Company (each, a
"Share") at a price of C$1.90
per Share (the "Offering Price").
The Company intends to use the net proceeds from the Offering to
continue exploring and advancing its flagship Rajapalot Gold-Cobalt
Project and for general working capital purposes.
All Shares issued pursuant to the Offering will be subject to a
four-month hold period from the date of closing. The Offering is
expected to close on or about March 5,
2025, and is subject to certain conditions including, but
not limited to, receipt of all necessary approvals, including the
approval of the TSX Venture Exchange.
The securities offered have not been, and will not be,
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any U.S. state
securities laws, and may not be offered or sold in the United States or to, or for the account or
benefit of, United States persons
absent registration or any applicable exemption from the
registration requirements of the U.S. Securities Act and applicable
U.S. state securities laws. This news release does not constitute
an offer to sell or a solicitation of any offer to buy securities
in the United States, nor in any
other jurisdiction.
About Mawson Finland Limited
Mawson Finland Limited is an exploration stage mining
development company engaged in the acquisition and exploration of
precious and base metal properties in Finland. The Company is primarily focused on
gold and cobalt. The Company currently holds a 100% interest in the
Rajapalot Gold-Cobalt Project located in Finland. The Rajapalot Project represents
approximately 5% of the 100-square kilometre Rompas-Rajapalot
Property, which is wholly owned by Mawson and consists of 11
granted exploration permits for 10,204 hectares and 2 exploration
permit applications and a reservation notification area for a
combined total of 40,496 hectares. In Finland, all operations are carried out
through the Company's wholly owned Finnish subsidiary, Mawson Oy.
Mawson maintains an active local presence of Finnish staff with
close ties to the communities of Rajapalot.
Additional disclosure including the Company's financial
statements, technical reports, news releases and other information
can be obtained at mawsonfinland.com or on SEDAR+
at www.sedarplus.ca.
Neither 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. No securities regulatory
authority has reviewed or approved of the contents of this news
release.
Forward-looking Information
This news release includes certain "forward-looking information"
and "forward-looking statements" within the meaning of applicable
securities laws (collectively, "forward-looking information") which
are not comprised of historical facts. Forward-looking information
includes, without limitation, estimates and statements that
describe the Company's future plans, objectives or goals, including
words to the effect that the Company or management expects a stated
condition or result to occur. Forward-looking information may be
identified by such terms as "believes", "anticipates", "expects",
"estimates", "aims", "may", "could", "would", "will", "must" or
"plan". Since forward-looking information is based on assumptions
and address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Although these statements
are based on information currently available to the Company, and
management of the Company believes them to be reasonable based
upon, among other information, the contents of the Company's
technical report on the Rajapalot Project, entitled NI 43-101
Technical Report on a Preliminary Economic Assessment of the
Rajapalot Gold-Cobalt Project, Finland, with an effective date of
December 19, 2023 (the "PEA"),
and the exploration information disclosed in prior news releases,
the Company provides no assurance that actual results will meet
management's expectations. Risks, uncertainties and other factors
involved with forward-looking information could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Forward-looking information in this news release
includes, but is not limited to, the Company's objectives, goals or
future plans, any expected additional exploration of the
Rompas-Rajapalot property, any expected receipt of additional assay
results or other exploration results and the impact upon the
Company thereof, the estimation of mineral resources, exploration
and mine development plans, including drilling, soil sampling,
geophysical and geochemical work, any expected search for
additional exploration targets and any results of such searches,
potential acquisition by the Company of any property, all values,
estimates and expectations drawn from or based upon the PEA,
statements concerning the Company's expectations with respect to
the use of proceeds and the use of the available funds following
completion of the Offering, and the completion of the Offering, on
the terms described or at all, and the date of such completion.
Factors that could cause actual results to differ materially from
such forward-looking information include, but are not limited to:
any change in industry or wider economic conditions which could
cause the Company to adjust or cancel entirely its exploration
plans, failure to identify mineral resources or any additional
exploration targets, failure to convert estimated mineral resources
to reserves, any failure to receive the results of completed assays
or other exploration work, poor exploration results, the inability
to complete a feasibility study which recommends a production
decision, the preliminary and uncertain nature of the PEA, delays
in obtaining or failures to obtain required governmental,
environmental or other project approvals, including the approval of
the TSX Venture Exchange for the Offering, any inability of the
Company to complete the Offering on the terms described herein or
at all, political risks, uncertainties relating to the availability
and costs of financing needed in the future, changes in equity
markets, inflation, changes in exchange rates, fluctuations in
commodity prices, delays in the development of projects, capital
and operating costs varying significantly from estimates and the
other risks involved in the mineral exploration and development
industry, and those risks set out in the Company's public documents
filed on SEDAR+. Although the Company believes that the assumptions
and factors used in preparing the forward-looking information in
this news release are reasonable, undue reliance should not be
placed on such information, which only applies as of the date of
this news release, and no assurance can be given that such events
will occur in the disclosed time frames or at all. The Company
disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
SOURCE Mawson Finland Limited
