VANCOUVER, Dec. 7 /CNW/ - Mawson Resources Limited ("Mawson") TSX - MAW; Frankfurt - MRY. Mr Michael Hudson, President & CEO, announces that the Company has formed an Advisory Board to counsel the Company's CEO and corporate Board of Directors in matters related to continuing exploration and development of its Scandinavian and South American exploration projects. Three initial appointees to the Advisory Board bring considerable depth of experience in European uranium and gold exploration, business development and financial matters. The three appointees to the newly created Advisory Board are:
Dr. Claude Caillat PhD (Geology). Dr Caillat is currently the Senior Expert Geologist for Areva NC's Mining Business Unit based in Paris. He has worked with Areva or associated companies for more than 30 years. He started his career exploring for uranium in Africa and then later focused in Canada. He was the Managing Director of COGEMA's local Swedish company from 1990 to 1997 and was involved in exploration programs for uranium and gold in Sweden, Finland and Russia. Dr Caillat was General Director of AREVA's Russian subsidiary until 2009.
Mr. Colin Maclean B.A (First Class Honours Geology). Mr Maclean is Deputy Chairman and a founding partner of The Sentient Group's Resources Funds ("Sentient"). For the past 9 years he has stewarded Sentient's investments as a director of the investee companies under his direct responsibility. Prior to joining Sentient, he spent 14 years in funds management at the Private Capital division of the AMP Society, then Australia's foremost investing institution. Prior to AMP, he spent 15 years as an exploration geologist, mainly with the Exxon Minerals group, exploring for uranium and other ore deposit types in Australia, South Africa, the USA and Europe. His most senior role was Exploration Manager for Exxon Minerals Germany, where his team was successful in delineating a uranium deposit.
Mr. Phillip Williams B.Comm. CFA (Commerce). Mr Williams has 10 years financial market experience with a focus on junior resource companies. Mr. Williams' expertise includes evaluating new opportunities and raising funds. He is currently Vice-President of Business Development with Pinetree Capital Ltd ("Pinetree"). Previously he spent many years working for several institutional brokerage firms in the equity research department. Most recently, he was a uranium analyst focused on companies with advanced development projects worldwide. Mr. Williams is a chartered financial analyst.
Areva, Sentient and Pinetree hold respectively an aggregate of 4.7M, 5.0M and 4.2M common shares, and rights to acquire an additional 4.2M, 2.5M and 1.1M common shares respectively of Mawson upon exercise of certain convertible securities. Mawson currently has 49.7M shares outstanding.
Mr Hudson comments: "Mawson is most fortunate to have these advisors in a position to contribute to the Company's development. Claude is one of the world's most experienced uranium exploration geologists and will be a superb resource for us in terms of geological understanding and exploration strategy. Colin as a co-founder of a highly respected resource fund brings invaluable geological and business planning skills to our team. He is extremely well versed in the issues facing young and growing companies as these form the core of Sentient's portfolio. Phillip's background combines a broad and analytical understanding of the uranium and gold industries, the public markets and extensive corporate development experience."
About Mawson Resources Ltd (TSX:MAW, FRANKFURT:MRY, PINKSHEETS:MWSNF)
Mawson Resources Ltd is a resource acquisition and development company with METAL and ENERGY interests.
Mawson has distinguished itself as the leading Scandinavian uranium exploration company, with advanced projects in Sweden and Finland. As the European Union moves to reduce its reliance on carbon-based energy sources and continues to debate energy security, Mawson is well positioned to provide Europe with the option to fuel its future.
In addition, the Company is exploring for gold and copper in the highly prospective Cordillera of Peru, with a focus on a new gold-copper discovery at Alto Quemado.
With a strong cash position and a multi-jurisdiction European and South American portfolio, Mawson is ideally positioned to enhance its status as a leader in the uranium and gold industries.
Shares Outstanding: 49,747,253. Cash: approximately C$14 million.
| 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.
Mawson samples were analyzed by Au-ICP21, ME-MS41u, PGM-ICP27 and ME-MS61u techniques by ALS Chemex Ltd's laboratories in Pitea, Sweden and Vancouver, Canada. The qualified person for Mawson's Finnish projects, Erkki Vanhanen, Finnish Exploration Manager for Mawson with a designation of European Geologist for the European Federation of Geologists (EFG), has reviewed and verified the contents of this release.
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