VANCOUVER, May 6 /CNW/ - Mawson Resources Limited ("Mawson") TSX - MAW;
Frankfurt - MRY. Michael Hudson, President & CEO, is pleased to announce the
completion of a non-brokered private placement with Pinetree Capital Ltd.
consisting of 1,500,000 Units at $0.50 per Unit to raise gross proceeds of
$750,000. Each Unit consists of one common share and one-half share purchase
warrant, with each whole warrant entitling the holder to purchase one
additional common shares at an exercise price of $0.75 per share for a period
of two years from the date of closing of the private placement.
Proceeds from the private placement will be used for general working
The securities issued in connection with the private placement are
subject to a four month hold period expiring on September 7, 2009.
About the Company: Mawson Resources holds significant uranium resources
in the nuclear energy reliant countries of Spain, Sweden and Finland. As the
European Union reduces its reliance on carbon-based energy sources, Mawson is
well placed as the Company develops its exploration portfolio towards the
sustainable production of uranium in the shortest possible time frame.
On behalf of the Board,
Michael Hudson, President & CEO
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.
For further information:
For further information: Investor Information: www.mawsonresources.com,
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7; Company Contact: Mariana
Bermudez, (604) 685-9316; Investor Relation Consultants - Mining Interactive,
Nick Nicolaas, (604) 657-4058, Email: email@example.com