Mawson Resources Announces C$5.0 Million Private Placement Financing
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE November 09, 2017
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
MAWSON RESOURCES ANNOUNCES C$5.0 MILLION PRIVATE PLACEMENT FINANCING
Vancouver, Canada – Mawson Resources Limited (“Mawson”) or (the “Company”) (TSX:MAW) (Frankfurt:MXR)
(PINKSHEETS: MWSNF) announced today that it has entered into an agreement with Haywood Securities Inc. (“Haywood”),
as lead agent on behalf of a syndicate of agents including Canaccord Genuity Corp., Red Cloud Klondike Strike Inc., and Eight
Capital (together with Haywood, the “Agents”), in connection with a “best efforts” private placement offering (the "Offering")
of up to 14,286,000 units (the "Units") of the Company, at a price of C$0.35 per Unit (the “Issue Price”), for gross proceeds to
the Company of up to C$5,000,100. Each Unit will consist of one common share in the capital of the Company and one-half of
one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle
the holder thereof to acquire one common share of the Compan y at a price of C$0.50 for a period of 24 months from the
closing of the Offering.
The Company has agreed to grant the Agents an over-allotment op tion to offer, at the Issue Price, up to that number of
additional Units as is equal to 15% of the number of Units in the Offering, on the same terms and conditions as the Offering,
increasing the size of the Offering to a maximum of 16,428,900 Units. The over-allotment option may be exercised in whole or
in part at any up to the closing of the Offering. If this option is exercised in full, an additional $750,015 will be raised pursuant
to the Offering and the aggregate gross proceeds of the Offering will be $5,750,115.
Certain insiders of the Company plan to participate in the Offering.
The net proceeds received by the Company from the Offering will be used for exploration on the Company’s exploration
properties, primarily in Finland and for working capital and general corporate purposes.
The closing of the Offering is expected to occur on or about December 6, 2017, and is subject to the receipt of any necessary
regulatory approvals, including the approval of the Toronto Stock Exchange. All securities issued in connection with the Offering
will be subject to a statutory four-month hold period.
The securities offered have not been, and will not be, registered under 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 for the account or benefit of, United States persons absent
registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state
securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in t he
United States, nor in any other jurisdiction.
About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)
Mawson Resources Limited is an exploration and development company. Mawson has distinguished itself as a leading Nordic Arctic exploration
company with a focus on the flagship Rompas and Rajapalot gold projects in Finland.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, Chairman & CEO
Further Information
www.mawsonresources.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 statements of historical fact, are forward-looking statements. Although Mawson believes
that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements 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. Mawson cautions investors that any forward-looking statements are not guarantees of future results or performance, and that actual results
may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, closing of the Offering, the
proposed use of the net proceeds of the Offering, capital and other costs varying significantly from estimates, changes in world metal markets, changes in
equity markets, planned drill programs and results varying from expectations, delays in obtaining results, equipment failure, unexpected geological
conditions, local community relations, dealings with non-governmental organizations, delays in operations due to permit grants, environmental and safety
risks, and other risks and uncertainties disclosed 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
laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or
otherwise.