Mawson Announces C$5.5 Million Public Offering of Common Shares
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE December 2, 2021
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
MAWSON ANNOUNCES C$5.5 MILLION PUBLIC OFFERING OF COMMON SHARES
Vancouver, Canada – Mawson Gold Limited (“Mawson” or the “Company”) (TSX:MAW) (Frankfurt:MXR) (PINK:
MWSNF) announced today that further to its press release dated Novembe r 29, 2021, it has filed a prospectus supplement
(the “Supplement”) to its short form base shelf prospectus dated March 13, 2020 (the “Base Shelf Prospectus”) relating to its
previously announced public offering (the “Offering”). The Supp lement was filed with the securities regulatory authorities in
each of the Provinces of British Columbia, Alberta and Ontario. Copies of the Base Shelf Prospectus and the Supplement are
available under the Company’s profile on SEDAR at www.sedar.com.
As set forth in the Supplement, the Company has entered into an agency agreement with Red Cloud Securities Inc. and Sprott
Capital Partners LP, the co-lead agents to sell on a best-effort agency basis 36,667,000 common shares of the Company (the
“Common Shares”), at a price of C$0.15 per Common Share (the “Offering Price”) for gross proceeds of C$5,500,050.
The Company expects to close the Offering on or about December 9, 2021.
The Company intends to use the net proceeds of the Offering for (i) advancing exploration and development of the Company’s
Rompas-Rajapalot project in Finland; and (ii) general corporate purposes, as set out in the Supplement.
A copy of the Supplement and the Base Shelf Prospectus relating to the Offering may be obtained by contacting Red Cloud
Securities Inc. by telephone at (416) 613-1237 or by email at [email protected] or Sprott Capital Partners LP by
email at [email protected].
The securities offered have not been, and will not be, register ed under the United States Securities Act of 1933, as amended
(the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or f or
the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of
the U.S. Securities Act and applicable U.S. state securities laws.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the
Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of that jurisdiction.
About Mawson Gold Limited (TSX:MAW, FRANKFURT:MXR, PINK:MWSNF)
Mawson Gold Limited is an exploration and development company. Mawson has distinguished itself as a leading Nordic Arctic
exploration company with a focus on the flagship Rajapalot gold -cobalt project in Finland. Mawson also owns or is joint
venturing into three high-grade, historic epizonal goldfields c overing 470 square kilometers in Victoria, Australia and is wel l
placed to add to its already significant gold-cobalt resource in Finland.
On behalf of the Board,
"IVAN FAIRHALL"
Ivan Fairhall, Chief Executive Officer
Further Information
www.mawsongold.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez (Canada), Corporate Secretary, +1 (604) 685 9316,
Forward-Looking Statement
This news release contains forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-
looking statements"). All statements herein, other than stateme nts of historical fact, are forw ard-looking statements. Althoug h Mawson believes that such
statements are reasonable, it ca n give no assurance that such e xpectations will prove to be correct. Forward-looking statemen ts are typically identified by
words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. In
particular, this news release contains forward-looking information relating to, among other things, the successful completion of the Offering; use of proceeds
of the Offering and receipt of all necessary approvals includin g the approval of the TSX. Mawson cautions investors that any f orward-looking statements are
not guarantees of future results or performance, and that actua l results may differ materially from those in forward-looking s tatements as a result of various
factors, including, but not limited to the fact that the Compan y may be unsuccessful in satisfying the conditions to closing o f the Offering, including, but not
limited to, obtaining Toronto Stock Exchange approvals; that th e Offering may not be completed on the terms and timeline indic ated, or at all; that the
Company’s use of proceeds of the Offering may vary from the int ended uses; capital and other costs varying significantly from estimates; changes in world
metal markets; changes in equity markets; favourable governmental relations and support for the development and operation of mining projects; the potential
impact of epidemics, pandemics or other public health crises, including the current pandemic known as COVID-19 on the Company’s business; risks related to
negative publicity with respect to the Company or the mining in dustry in general; reliance on a single asset; planned drill pr ograms and results varying from
expectations; delays in obtaining results; equipment failure; u nexpected geological conditions; local community relations; dea lings with non-governmental
organizations; delays in operations due to permit grants, envir onmental and safety risks; and other risks and uncertainties di sclosed under the heading "Risk
Factors" in Mawson's most recent Annual Information Form filed on www.sedar.com. Any forward-looking statement speaks only as of the date on which it is
made and, except as may be required by applicable securities la ws, Mawson disclaims any intent or obligation to update any for ward-looking statement,
whether as a result of new information, future events or results or otherwise.