VANCOUVER, May 2, 2012 /CNW/ - Mawson Resources Limited ("Mawson") TSX - MAW; Frankfurt - MRY. Mr Michael Hudson, President & CEO, is pleased to announce that, further to the news release of Mawson dated April 30, 2012, that the court approved plan of arrangement as part of the reorganization of the business and capital of Mawson (the "Reorganization") has been completed and as a consequence Darwin is now listed, as of today, on the TSX Venture exchange under the trading symbolTSXV:DAR.
Mr Hudson states, "The Reorganization will maximize value for Mawson shareholders and allow the Company to focus on the development of its flagship Rompas property in Finland. Darwin begins trading in a strong position, with an extremely competent and experienced management team and excellent institutional shareholder support. Darwin is well financed, with more than C$4M to explore its highly prospective portfolio of gold and copper properties, and I have no doubt it will rapidly develop into a leading Latin American exploration company through discovery and acquisition. I encourage Mawson shareholders to share in the long term benefits that this strategy may bring. We wish Dr. Graham Carman and his highly capable team all the very best as Darwin commences its life in the capital markets."
In other news, Mawson has now drilled 30 drill holes for 3,178 metres at Rompas. First results are expected to be released during May 2012. Visible gold has been noted within centimetre wide zones within 10 of the 30 holes. It is anticipated drilling will cease shortly as the snow cover thins. Drill core is to be prepared and analyzed by ALS Chemex Ltd's laboratories in Pitea, Sweden and Vancouver, Canada, where blanks and known standards have been inserted according to standard industry practice. The qualified person for Mawson's Finnish projects, Mr. Terry Lees, VP Exploration for Mawson and Fellow of the Australian Institute of Geoscientists has reviewed and verified the contents of this release.
About Mawson Resources Limited (TSX:MAW, FRANKFURT:MRY, PINKSHEETS:MWSNF)
Mawson Resources Limited is a resource acquisition and development company. The Company has distinguished itself as a leading Scandinavian exploration company with a focus on the flagship Rompas gold project in Finland.
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.
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