/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES AND NOT FOR DISSEMINATION IN THE UNITED STATES/
MONTREAL, Oct. 10, 2014 /CNW Telbec/ - Sentient Executive GP IV, Limited ("Sentient IV") announces that, in connection with a financing announced by Mawson Resources Limited ("Mawson") on September 29, 2014, it has acquired control over 3,030,303 units ("Units") of Mawson on October 10, 2014. Each Unit is comprised of one common share in the capital of Mawson (a "Mawson Share") and one half of one common share purchase warrant of Mawson (each whole common share purchase warrant, a "Mawson Warrant"). Each Mawson Warrant entitles the holder thereof to acquire a Mawson Share at a price of $0.50 per share. The Mawson Warrants are exercisable until October 10, 2016. As such, Sentient IV has acquired control over 3,030,303 Mawson Shares and 1,515,152 Mawson Warrants.
Assuming the full exercise of the 1,515,152 Mawson Warrants, Sentient IV would acquire control over a maximum of 4,545,455 Mawson Shares (including the 3,030,303 Mawson Shares issued on October 10, 2014), representing approximately 5.98% of the outstanding Mawson Shares, calculated on a partially diluted basis assuming the full exercise of the 1,515,152 Mawson Warrants only.
Sentient IV has control or direction over 16,535,303 Mawson Shares (representing approximately 22.18% of the outstanding Mawson Shares), and the right to acquire 5,182,152 Mawson Shares through 5,182,152 Mawson Warrants.
Assuming the full exercise of the 5,182,152 Mawson Warrants, Sentient IV would acquire control over a maximum of 21,717,455 Mawson Shares (including the 16,535,303 Mawson Shares over which Sentient IV has control or direction). These combined holdings would represent approximately 27.24% of the outstanding Mawson Shares, calculated on a partially diluted basis assuming the full exercise of the 5,182,152 Mawson Warrants only.
Sentient IV acquired the Units for investment purposes only and not with a view to materially affecting control of Mawson.
Sentient IV relied on section 2.10 of Regulation 45-106 – Prospectus and Registration Exemptions for the purchase of the Units as the acquisition price for the Units was greater than $150,000 and was paid in cash.
SOURCE: Sentient Executive GP IV, Limited
Renseignements: For further information or to obtain a copy of the Early Warning Report filed by Sentient IV, please contact Sue Bjuro at (345) 946-0933