VANCOUVER, April 24, 2012 /CNW/ - Mawson Resources Limited ("Mawson" or the "Company") TSX - MAW; Frankfurt - MRY. Mawson is pleased to announce that on April 19, 2012, the TSX Venture Exchange ("TSXV") has issued its conditional acceptance to the listing of the common shares of Darwin Resources Corp. ("Darwin"), a condition to the previously announced plan of arrangement (the "Arrangement") between Mawson, its shareholders and Darwin. For further details on the Arrangement and the reorganization of the business and capital of Mawson into two separate public companies, please refer to Mawson's management information circular dated February 28, 2012 (the "Circular"), and is filed on Mawson's profile under SEDAR at www.sedar.com and Mawson's press releases dated November 30, 2011, December 7, 2011, January 23, 2012, March 1, 2012, March 30, 2012, and April 11, 2012.
It is currently anticipated that the effective date of the Arrangement (the "Effective Date") will take place on April 30, 2012 and the listing of the common shares of Darwin will occur shortly thereafter.
As a result of the Arrangement, on the Effective Date, each shareholder of Mawson will be entitled to one new common share of Mawson, one-third of one common share of Darwin and approximately one-fifth of one common share of European Uranium Resources Ltd. (formerly Tournigan Energy Ltd.) (TSXV: EUU) for each share of Mawson held immediately prior to the effective time of the Arrangement, subject to adjustment, by surrendering their Mawson share certificates together with a duly completed Letter of Transmittal to Computershare Investor Services Inc. The Letter of Transmittal was mailed with the Circular, a copy of which is filed on Mawson's profile on SEDAR at www.sedar.com, and is available on Mawson's website at http://www.mawsonresources.com/s/Shareholders.asp. The Letter of Transmittal is for use by registered shareholders only and is not to be used by beneficial holders of Mawson shares (the "Beneficial Shareholders"). A Beneficial Shareholder does not hold Mawson shares in its name but such shares are held by an intermediary or clearing agency such as CDS. If you are a Beneficial Shareholder you should contact your intermediary for instructions and assistance in delivering your certificates representing Mawson shares.
For further details on the Arrangement and the reorganization of the business and capital of Mawson into two separate public companies, please refer to Circular, and is filed on Mawson's profile under SEDAR at www.sedar.com and Mawson's press releases dated November 30, 2011, December 7, 2011, January 23, 2012, March 1, 2012, March 30, 2012, and April 11, 2012.
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 Statements. The statements included herein, other than statements of historical fact, including, without limitation, statements regarding the Arrangement and the Reorganization, 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 except as required by law.
For further information:
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez +1 (604) 685 9316
Investor Relation Consultants - Mining Interactive
Nick Nicolaas+1 (604) 657 4058
Email: [email protected]