Auszug aus der News Release:
Mawson’s Australian Spinco ‘Southern Cross Gold’ Closes A$2.725M Private Placement
Vancouver, Canada — Mawson Gold Limited (“Mawson”) or (the “Company”) (TSX:MAW) (Frankfurt: MXR) (PINKSHEETS: MWSNF) is pleased to announce that further to its news release of November 23, 2021, its Australian spinout, Southern Cross Gold Pty Ltd (“Southern Cross”), has raised total gross proceeds of A$2.725 million through the issuance of 17,031,250 ordinary shares (the “Shares”) at an issue price of A$0.16 (the “Issue Price”) per Share (the “Private Placement”).
Mr Ivan Fairhall, CEO states, “This placement brings the total raised in Mawson’s stable since December to approximately C$8m, and we are thrilled to be funded to drill at least 4 projects this year. Raising capital at the Southern Cross level, now valued at A$17.7m (EV), shines a light on the quality of our Australia assets, with the spin out birthing a financially and operationally independent, dedicated capital markets vehicle – ideal conditions to grow value for shareholders. Mawson will redouble its focus on the exploration and pre-development efforts in Sweden and Finland, underpinned by our Rajapalot gold-cobalt discovery, which already contains in excess 1Moz AuEq (inferred resource) and is also the European Union’s 7th largest cobalt resource, with an ongoing 8 kilometre drill campaign during Q1 and Q2 2022.”
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