Wednesday Feb 22

Mawson is a leading Scandinavian uranium exploration company, with a large portfolio of advanced projects in Sweden and Finland. In addition, the Company is exploring for gold and copper in the highly prospective Cordillera of Peru

Mawson Resources Ltd holds significant uranium resources in the nuclear energy reliant countries of Sweden and Finland.


www.mawsonresources.com

Mawson Resources Ltd.
Vancouver, B.C. Canada

For more information contact Nick at Mining Interactive

PRESS RELEASES

February, 09, 2012 - MAWSON GAINS PERMISSION TO DRILL AT ROMPAS


Mawson gains permission to drill at Rompas

VANCOUVER , Feb. 9, 2012 /CNW/ - Mawson Resources Limited ("Mawson") (TSX: MAW.TO - News) (Frankfurt: MRY.F - News). Mr Michael Hudson , President & CEO, announces that the Company has signed a contract with a private landholder to diamond drill at Rompas.

Key points include:

  • Contract entitles Mawson to diamond drill on private land that incorporates +500 metres of strike potential at South Rompas;
  • Diamond drill contractor has been identified and who will mobilize a drill rig to site in early March 2012 .

The agreement covers two areas at South Rompas.  The southern area (18.9 hectares) encompasses a 280m trend of the southern extensions of the known mineralized zone.  The northern area (24.8 hectares) covers an area of 240m strike in the central zone of the South Rompas project area (Figure 1).  According to discussions with landholders, Mawson will commence drilling in the southern area first.  The agreement has been made according to the Finnish Mining Act which allows for private agreements to be reached between explorers and landholders.  Mawson will specifically drill for and target gold.

Mawson has also identified a diamond drill contractor to mobilize a drill rig to site in early March.  An initial 3,000 metre drill program has been planned.  The average depth of drill holes will be 100 metres.  Further information regarding the details of the program will be released when they are available.

Mr Hudson states:  "This is a landmark moment for the Rompas project.  The first deep drill hole program has been awaited for some time and although the permitted areas do not contain the highest priority drill targets, the results are expected to significantly enhance our understanding of the mineral system.  We shall apply world's best environmental practice as we conduct this first drill program at Rompas."

Mawson holds 833 claims and claim applications for 75,340 hectares at the Rompas Project.  A total of 110 exploration claims that cover a surface area of 10,580 hectares and form the core claims at Rompas were granted on October 31, 2010 but do not come into legal force until after a standard appeal process.  A key decision point on the appeal process is expected late Q1 2012.  The known footprint of mineralization at Rompas is 6 km by up to 270 m wide.

Shares Outstanding: 51,877,753; Cash: approximately C$9.5 million.

On behalf of the Board,
" Michael Hudson "
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.

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.


 
February 06, 2012 - Mawson Discovers Further Mineralization at Rompas in Finland with Pit Samples Assaying up to 557ppm Gold

Mawson discovers further mineralization at Rompas in Finland with pit samples assaying up to 557ppm gold


VANCOUVER, Feb. 6, 2012 / - Mawson Resources Limited ("Mawson") TSX - MAW; Frankfurt - MRY. Mr Michael Hudson, President & CEO, announces new results from the 2011 exploration program at the Company's 100% owned Rompas project in northern Finland.

Key points include:

  • A new zone of mineralization defined under thicker glacial soil with grab samples from individual one metre deep pits  assaying 557ppm, 147ppm and 201ppm gold within a zone extending over a 30 metre strike;

  • Continuity of lower grade gold and uranium mineralization further established, highlighting mineralized trends;

  • New geophysics demonstrates gold mineralization is hosted by a chargeable sequence which extends under cover away from known gold bearing areas.

  • Further bonanza gold grades from grab samples assay up to 33,200ppm gold.

A new zone of mineralization has been defined late in the field season at the southern extension of North Rompas under thin glacial till.  Grab samples taken from three separate one metre deep (hand dug) pits returned 557ppm Au & 0.8% U3O8, 147ppm Au & 36.8% U3O8 and 201ppm Au & 0.1% U3O8 within a zone extending along strike over 30 metres under thin cover (Figure 1).    Due to the thicker till in the area only one metre hand dug pits were able to access the weathered bedrock zones which were subsequently grab sampled.  One additional grab sample, interpreted to be located 20m to the north in a parallel structure assayed 7,630ppm Au and 22.4% U3O8 (Figure 1).

Importantly, in the southern extension of North Rompas, continuity of lower grade mineralization has been demonstrated over an area of 110 metres along strike and 90 metres width (Figure 1).  Extent of known mineralization is only limited by thick soil cover where bedrock cannot be reached by radiometry nor hand digging due to current permit restrictions.  The new zone is located 300m south of the northern extension of North Rompas zone where continuity was previously established between mineralized zones (Figure 1), as reported in the Mawson press release dated 31 October, 2011.

One grab sample at South Rompas, located 4.6km to the south, returned 33,200ppm Au and 56.6% U3O8 (Figure 2), which to date represents the highest grade sample yet taken at Rompas.  This sample was taken from a boudin in a vein that occurs within the known extent of mineralization.  Grab samples are selective by nature and are unlikely to represent average grades on the property.

In addition, Mawson recently completed a 22 line km gradient array IP geophysical survey at North and South Rompas.  This survey highlighted a chargeable host sequence that correlates with mineralized areas in both North and South Rompas.  The chargeable sequence is far more extensive under areas of shallow till and soil cover that are too deep to be tested by surface sampling (Figures 1 and 2).

Mr Hudson states:  "Rompas continues to deliver with grade, continuity and scale.  Further discoveries and evidence for continuity of mineralization at surface over considerable distances augurs well for the prospectivity of this exciting new mineral district.  Additionally, the recent IP geophysical survey clearly highlights the host sequence at Rompas.  The chargeable sequence is shown to continue extensively undercover away from areas where high grade gold and uranium discoveries have been made."

The Rompas mineral system is hosted by metabasalt, dolomite, calc-silicate, dolerite and volcaniclastics, all part of the Palaeoproterozoic Perapohja Schist Belt.  These rocks have undergone at least two major deformation events, leading to a locally strong schistosity (oriented 320-340 degrees) and metamorphism up to amphibolite-grade resulting in diopside-tremolite-actinolite assemblages in the calc-silicate rocks.

Gold and uranium mineralization at Rompas is hosted by a quartz-calc-silicate vein array and related alteration selvages.  The calc-silicate veins (amphibole-pyroxene-quartz-carbonate ±gold, uraninite) and alteration selvages (biotite-amphibole-K-feldspar) have been metamorphosed to amphibolite facies, following a structural episode of flattening within high strain zones. It is interpreted that the veins are an early (pre-structuring) vein array, but that the bonanza-grade mineralization is likely a result of the structuring and metamorphism. Interestingly, lower grade gold (1-20ppm Au) with weakly anomalous uranium (1-40ppm U) is known to occur outside the high-grade pods, but still within the veins and/or alteration selvages.  The spectacular bonanza gold and uranium grades are generally contained in pods of calcite and amphibole, often associated with boudinaged "ladder veins" within the more extensive vein system, indicating they could be local upgraded remobilizations from the veins.

Due to the lack of detailed work that has been done on this relatively new discovery, little is understood about the nature of the mineralizing controls.  In any event, it would appear that the exploration target is a large, bulk-tonnage vein system that may be genetically related to a granitoid complex that occurs a few kilometers to the north of the property. The possibility of finding potentially economic high grade vein structures must also be considered.

Mawson holds 833 claims and claim applications for 75,340 hectares at the Rompas Project.  A total of 110 exploration claims that cover a surface area of 10,580 hectares and form the core claims at Rompas were granted on October 31, 2010 but do not come into legal force until after a standard appeal process.  Therefore sampling, to date, has been restricted to low impact digging and trenching by hand through soil to access bedrock for diamond saw channel and grab sampling.

Mawson samples were prepared by ALS Chemex Ltd's laboratory in Pitea, Sweden and analyzed by Au-ICP21, ME-MS41u, PGM-ICP27 and ME-MS61u techniques by ALS Chemex Ltd's laboratory in Vancouver, Canada and Saskatchewan Research Council using standard ICP partial and full digestion and fire assay methods.  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.

Shares Outstanding: 51,680,753; Cash: approximately C$9.5 million.

On behalf of the Board,

"Michael Hudson"
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.



 
January 23, 2012 - Mawson - Update on Proposed Reorganization including Darwin & European Uranium (Tournigan) Mawson Dividends to Shareholders
   


 January 23, 2012
Mawson Provides Update on Proposed Reorganization of its Business and Capital Structure


     Vancouver, Canada - Mawson Resources Limited ("Mawson" or the "Company") TSX - MAW; Frankfurt - MRY. Mawson is pleased to provide an update on the status of Mawson's proposed transactions that would reorganize the business and capital structure of Mawson into two separate public companies (the "Reorganization") (refer to Mawson's press releases dated November 30, 2011 and December 7, 2011). The Reorganization is intended to maximize value for Mawson shareholders and allow Mawson to focus on the development of its flagship Rompas property in Finland.

The Reorganization involves a spin-out of Mawson's Peruvian assets and the sale of seven of Mawson's non-core uranium exploration projects located in Sweden and Finland to Tournigan Energy Ltd. (TSXV: TVC) ("Tournigan").

The Reorganization will be conducted by way of statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia). Mawson has called an annual and special meeting of its shareholders to be held on March 30, 2012 to approve, among other matters, the Reorganization. The information circular to be prepared in respect of the meeting will describe the Reorganization in greater detail.

Spin-Out - Darwin Resources Corp.

In furtherance of the Reorganization, Mawson has now transferred all of the outstanding shares of Mawson Peru S.A.C. and 100% of its rights and interest in Altynor Peru S.A.C. to Darwin Resources Corp. ("Darwin"), a wholly-owned subsidiary of Mawson, in exchange for common shares of Darwin. Darwin's highly prospective early stage portfolio now consists of a number of Cu-Au Peruvian assets that include the Alto Quemado (Cu-Au), Huatiapa (Cu-Au), Carrizales (Cu), Vicunas (Au) and Luminaria (Au) projects. In addition, Darwin has a 100% interest in one of the strongest exploration databases in Peru. Darwin's management team will be led by Dr. Graham Carman, President & CEO. It is anticipated that the common shares of Darwin will be listed on the TSX Venture Exchange (the "TSXV") concurrently with the completion of the Reorganization.

In order to provide Darwin with sufficient working capital, Mawson will subscribe for common shares of Darwin, Mawson anticipates subscribing for a minimum of $1,000,000 of shares of Darwin.
In order to fund its operations on a go forward basis for the near term, Darwin will undertake a financing consisting of up to 8,750,000 units of Darwin at a price of $0.40 per unit for gross proceeds of up to $3,500,000. Each unit will be comprised of one common share and one-half of one warrant. Each whole warrant will be exercisable into one common share of Darwin at a price of $0.60 per share for two years from the date of closing.

Pursuant to the Reorganization, on the effective date of the Arrangement (the "Effective Date") the shareholders will receive, among other things, one common share of Darwin for each three common shares of Mawson then held.

The Arrangement is subject to normal conditions precedent for these types of transactions, including receipt of all court, shareholder and regulatory approvals.

Acquisition of Certain Properties by Tournigan Energy Ltd.

In furtherance of the Reorganization, Mawson has transferred all of its right, title and interest to the Hotagen, Duobblon, Kapell and Aronsjö projects in Sweden and the Riutta, Asento and Nuottijärvi projects in Finland to a wholly-owned subsidiary of Mawson (the "Mawson Holdco"). Pursuant to the transactions with Tournigan, Tournigan will acquire all of the issued and outstanding shares in the Mawson Holdco for total consideration of 53,639,848 common shares of Tournigan (the "TVC Shares"), representing approximately 20.5% of the Tournigan issued and outstanding post closing. Mawson intends to distribute on the Effective Date the TVC Shares on a pro rata basis to the Mawson shareholders.

As described in Tournigan's news release dated January 4, 2012, Areva NC, one of the largest integrated nuclear companies in the world and one of Mawson's largest and significant shareholder, has completed an exclusive private placement with Tournigan raising gross proceeds of $1,000,000, has entered into a Technical Services Agreement with Tournigan and has appointed Andréas Mittler, Vice President, Expertise and Projects Department of AREVA Mines since April 2011, and a member of the AREVA Mines Executive Committee, to the Tournigan board. In addition Tournigan will change its name to "European Uranium Resources Ltd." and complete a consolidation of its shares on a 1 new for 5 old basis. On distribution of the TVC shares, Mawson shareholders will own approximately 20.5% of the restructured Tournigan.

The transactions with Tournigan are subject to normal conditions precedent for these types of transactions, including execution of a definitive agreement and regulatory approval. Mawson has obtained conditional approval from the TSX to proceed with the transactions.

Mr. Hudson states, "The proposed Reorganization will allow Mawson to focus on its 100% owned Rompas gold discovery in Finland that has developed into a significant project that will take a majority of Mawson's focus and resources for the foreseeable future. The Reorganization will also allow Mawson shareholders to share in the success of Darwin and its prospective gold and copper portfolio in Peru that will be led by Dr. Graham Carman, its President & CEO. In addition, Mawson shareholders will own approximately 20.5% of European Uranium Resources Ltd., a dedicated European uranium exploration and development company with a strong shareholder and technical partner in AREVA, the largest integrated nuclear company in the world."

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"
Michael Hudson, President & CEO

Investor Information
www.mawsonresources.com
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: info@mawsonresources.com


Forward Looking Statement. The statements included herein, other than statements of historical fact, including, without limitation, statements regarding 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.
    


News Releases are added to our web site immediately upon release to the general public. If you would like to receive news releases via e-mail or fax, please send a request to our Investor Relations Department.

 January 23, 2012
Mawson Provides Update on Proposed Reorganization of its Business and Capital Structure

 Vancouver, Canada - Mawson Resources Limited ("Mawson" or the "Company") TSX - MAW; Frankfurt - MRY. Mawson is pleased to provide an update on the status of Mawson's proposed transactions that would reorganize the business and capital structure of Mawson into two separate public companies (the "Reorganization") (refer to Mawson's press releases dated November 30, 2011 and December 7, 2011). The Reorganization is intended to maximize value for Mawson shareholders and allow Mawson to focus on the development of its flagship Rompas property in Finland. 

The Reorganization involves a spin-out of Mawson's Peruvian assets and the sale of seven of Mawson's non-core uranium exploration projects located in Sweden and Finland to Tournigan Energy Ltd. (TSXV: TVC) ("Tournigan"). 

The Reorganization will be conducted by way of statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia). Mawson has called an annual and special meeting of its shareholders to be held on March 30, 2012 to approve, among other matters, the Reorganization. The information circular to be prepared in respect of the meeting will describe the Reorganization in greater detail. 

Spin-Out - Darwin Resources Corp.

In furtherance of the Reorganization, Mawson has now transferred all of the outstanding shares of Mawson Peru S.A.C. and 100% of its rights and interest in Altynor Peru S.A.C. to Darwin Resources Corp. ("Darwin"), a wholly-owned subsidiary of Mawson, in exchange for common shares of Darwin. Darwin's highly prospective early stage portfolio now consists of a number of Cu-Au Peruvian assets that include the Alto Quemado (Cu-Au), Huatiapa (Cu-Au), Carrizales (Cu), Vicunas (Au) and Luminaria (Au) projects. In addition, Darwin has a 100% interest in one of the strongest exploration databases in Peru. Darwin's management team will be led by Dr. Graham Carman, President & CEO. It is anticipated that the common shares of Darwin will be listed on the TSX Venture Exchange (the "TSXV") concurrently with the completion of the Reorganization. 

In order to provide Darwin with sufficient working capital, Mawson will subscribe for common shares of Darwin, Mawson anticipates subscribing for a minimum of $1,000,000 of shares of Darwin. 
In order to fund its operations on a go forward basis for the near term, Darwin will undertake a financing consisting of up to 8,750,000 units of Darwin at a price of $0.40 per unit for gross proceeds of up to $3,500,000. Each unit will be comprised of one common share and one-half of one warrant. Each whole warrant will be exercisable into one common share of Darwin at a price of $0.60 per share for two years from the date of closing.

Pursuant to the Reorganization, on the effective date of the Arrangement (the "Effective Date") the shareholders will receive, among other things, one common share of Darwin for each three common shares of Mawson then held. 

The Arrangement is subject to normal conditions precedent for these types of transactions, including receipt of all court, shareholder and regulatory approvals. 

Acquisition of Certain Properties by Tournigan Energy Ltd.

In furtherance of the Reorganization, Mawson has transferred all of its right, title and interest to the Hotagen, Duobblon, Kapell and Aronsjö projects in Sweden and the Riutta, Asento and Nuottijärvi projects in Finland to a wholly-owned subsidiary of Mawson (the "Mawson Holdco"). Pursuant to the transactions with Tournigan, Tournigan will acquire all of the issued and outstanding shares in the Mawson Holdco for total consideration of 53,639,848 common shares of Tournigan (the "TVC Shares"), representing approximately 20.5% of the Tournigan issued and outstanding post closing. Mawson intends to distribute on the Effective Date the TVC Shares on a pro rata basis to the Mawson shareholders. 

As described in Tournigan's news release dated January 4, 2012, Areva NC, one of the largest integrated nuclear companies in the world and one of Mawson's largest and significant shareholder, has completed an exclusive private placement with Tournigan raising gross proceeds of $1,000,000, has entered into a Technical Services Agreement with Tournigan and has appointed Andréas Mittler, Vice President, Expertise and Projects Department of AREVA Mines since April 2011, and a member of the AREVA Mines Executive Committee, to the Tournigan board. In addition Tournigan will change its name to "European Uranium Resources Ltd." and complete a consolidation of its shares on a 1 new for 5 old basis. On distribution of the TVC shares, Mawson shareholders will own approximately 20.5% of the restructured Tournigan.

The transactions with Tournigan are subject to normal conditions precedent for these types of transactions, including execution of a definitive agreement and regulatory approval. Mawson has obtained conditional approval from the TSX to proceed with the transactions.

Mr. Hudson states, "The proposed Reorganization will allow Mawson to focus on its 100% owned Rompas gold discovery in Finland that has developed into a significant project that will take a majority of Mawson's focus and resources for the foreseeable future. The Reorganization will also allow Mawson shareholders to share in the success of Darwin and its prospective gold and copper portfolio in Peru that will be led by Dr. Graham Carman, its President & CEO. In addition, Mawson shareholders will own approximately 20.5% of European Uranium Resources Ltd., a dedicated European uranium exploration and development company with a strong shareholder and technical partner in AREVA, the largest integrated nuclear company in the world."

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"
Michael Hudson, President & CEO

Investor Information
www.mawsonresources.com
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: info@mawsonresources.com


Forward Looking Statement. The statements included herein, other than statements of historical fact, including, without limitation, statements regarding 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.
 
 
January 9, 2012 - Mawson in-depth and timely Update Report by Mercenary Geologist Mickey Fulp

January 9, 2012

MAWSON RESOURCES LTD.


TSX - MAW; Frankfurt - MRY (WKN# A0B 8YJ); Pinksheets - MWSNF


MAWSON IN THE NEWS


Dear Friends:

 

For the New Year, Mercenary Geologist Mickey Fulp has provided a very timely and in-depth update on his, as well as

ours, favorite Scandinavian gold-uranium play, Mawson Resources.

The Company recently announced its two game-changing events that will reward all Mawson shareholders. “

I am confident all shareholders of
Mawson or would be shareholders, will find his Report very much of interest.  Although, this

Special Mercenary Report is for Mickey’s subscriber eyes only you can access Mickey’s report by obtaining a FREE e-mail

subscription at www.MercenaryGeologist.com


Sign up and obtain the Free report Here

 

Stay Tuned - - there will be much – much more of Mawson in the News to come!!!

 

Regards,

Nick L. Nicolaas

 
December 28, 2011 - Mawson Provides Update on Transaction with Tournigan Energy Ltd.



December 28, 2011
Mawson Provides Update on Transaction with Tournigan Energy Ltd.

Vancouver, Canada - Mawson Resources Limited ("Mawson" or the "Company") TSX - MAW; Frankfurt - MRY. Mr. Michael Hudson, President & CEO, announces that the Company has signed a binding agreement with Tournigan Energy Ltd. (TSXV: TVC) ("Tournigan") respecting the terms of the Letter of Intent ("LOI") announced on December 7, 2011 (the "Agreement"). The Agreement supersedes the LOI.

Mawson has received conditional acceptance from the Toronto Stock Exchange to proceed with the transactions contemplated under the Agreement with Tournigan.

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.

Shares Outstanding: 51,680,753. Cash: approximately C$11.0 million.

On behalf of the Board,

"Michael Hudson"
Michael Hudson, President & CEO
Investor Information
www.mawsonresources.com
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: info@mawsonresources.com


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 except as required by law.

You can view the Previous News Releases item: Wed Dec 7, 2011, Mawson to Exchange Scandinavian Uranium Assets for Shares

 
December 20 - Mawson insider Sentient acquires 82,000 shares

Mawson insider Sentient acquires 82,000 shares

2011-12-20 11:34 ET - News Release

 

Ms. Sue Bjuro reports

SENTIENT IV ACQUIRES COMMON SHARES OF MAWSON RESOURCES LIMITED

Sentient Executive GP IV Ltd. has acquired control over a total of 82,000 common shares of Mawson Resources Ltd. on Dec. 14, 15 and 16, 2011, representing approximately 0.16 per cent of the outstanding common shares of Mawson. The purchased shares, together with common shares acquired since Sept. 30, 2011, represent an increase of approximately 2.06 per cent. Sentient IV is a related entity of Sentient III, an insider of Mawson, which may be considered as acting jointly or in concert with Sentient III under relevant securities laws.

Sentient III has control or direction over 5,402,300 common shares of Mawson representing approximately 2.5 million non-transferable common share purchase warrant of Mawson. Each Mawson warrant entitles the holder thereof to acquire a common share of Mawson at $1.20 per share. The Mawson warrants are exercisable until Oct. 25, 2012.

In the event all of the 2.5 million Mawson warrants are fully exercised, Sentient III would acquire control over a maximum of 7,902,300 common shares of Mawson (including the 5,402,300 common shares of Mawson over which Sentient III has control or direction). These combined holdings would represent approximately 14.58 per cent of the outstanding common shares of Mawson, calculated on a partially diluted basis assuming the full exercise of the 2.5 million Mawson warrants only.

Sentient IV has control or direction over 4,517,900 common shares of Mawson, representing approximately 8.74 per cent of the outstanding common shares of Mawson.

Sentient III and Sentient IV have control or direction over 9.92 million common shares of Mawson, representing approximately 19.2 per cent of the outstanding common shares of Mawson, and 2.5 million Mawson warrants. In the event all of the 2.5 million Mawson warrants are fully exercised, these combined holdings would represent approximately 22.92 per cent of the outstanding common shares of Mawson, calculated on a partially diluted basis assuming the full exercise of the 2.5 million Mawson warrants only. The acquisition of the purchased shares by Sentient IV took place over the facilities of the Toronto Stock Exchange. The weighted average cost per purchased share (excluding commissions) was approximately $1.6126.

Sentient IV acquired the purchased shares for investment purposes only and not with a view to materially affecting control of Mawson.

Sentient IV relied on the normal course purchase exemption set forth in Section 100 of the Securities Act (Ontario) for the acquisition of the purchased shares.

 
December 07, 2011 - Mawson to Exchange Scandinavian Uranium Assets for Shares



NEWS RELEASE                                                                                            December 7, 2011

MAWSON TO EXCHANGE SCANDINAVIAN URANIUM ASSETS FOR SHARES

Vancouver, Canada – Mawson Resources Limited (“Mawson” or the "Company") TSX – MAW; Frankfurt – MRY. Mr. Michael Hudson, President & CEO, announces that the Company has signed a letter of intent (the “LOI”) with Tournigan Energy Ltd. (TSXV: TVC) (“Tournigan”) whereby Tournigan will acquire seven of Mawson’s uranium exploration projects located in Sweden and Finland for aggregate consideration of 53,639,848 common shares of Tournigan (the “TVC Shares”), representing approximately 20.5% of Tournigan’s issued capital post-closing of the transactions.

Pursuant to the LOI, Tournigan has agreed that immediately prior to the acquisition AREVA, ranked first in the global nuclear power industry, a key player in uranium mining and one of Mawson’s largest and most significant shareholders will participate in an exclusive private placement with Tournigan, enter into a Technical Services Agreement and nominate a representative to the Tournigan board.  Subsequently, Tournigan will change its name to “European Uranium Resources Ltd.” and complete a consolidation of its shares on a 1 new for 5 old basis.

The exchange of Mawson's non-core uranium interests pursuant to the LOI for shares in a dedicated uranium exploration and development company forms part of the reorganization of the business and capital of Mawson, together with the spin out of its Peruvian assets announced in the Company's news release of November 30, 2011.  Subject to obtaining necessary approvals, Mawson will distribute the TVC Shares to its shareholders in conjunction with the spin out of its Peruvian assets and overall reorganization of its business and capital.  Further details on these transactions will be announced as soon as all the legal, tax and procedural formalities are finalized.

The seven uranium projects that Tournigan will acquire are the Hotagen, Duobblon, Kapell and Aronsjö projects in Sweden and the Riutta, Asento and Nuottijärvi projects in Finland.

Mr. Hudson states, "Mawson’s 100% owned Rompas gold discovery in Finland has developed into a significant project that will take a majority of Mawson’s focus and resources for the foreseeable future.  The Board has therefore decided to exchange its non-core uranium interests for a significant shareholding in a dedicated European uranium exploration and development company with a strong shareholder and technical partner in AREVA, the largest integrated nuclear company in the world.  On distribution of the shares, Mawson shareholders shall own approximately 20.5% of the restructured Tournigan which will continue as European Uranium Resources Ltd.”

The LOI is subject to normal conditions precedent for these types of transactions, including finalization of a formal purchase agreement, satisfactory due diligence by both parties and acceptance by regulatory authorities.

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.

Shares Outstanding: 51,680,753. Cash: approximately C$11.0 million.

On behalf of the Board,



"Michael Hudson"

Michael Hudson, President & CEO


Investor Information

www.mawsonresources.com

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: info@mawsonresources.com

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.

 
December 02, 2011 - Mawson Updates Permit Status at Rompas Bonanza Gold/Uranium Project in Finland







VANCOUVER, Dec. 2, 2011 /CNW/ - Mawson Resources Limited ("Mawson") TSX - MAW; Frankfurt - MRY. Mr Michael Hudson, President & CEO, announces that five appeals have been filed against the decision made by TUKES (the Finnish Safety and Chemical Agency) to grant 110 exploration claims that cover a surface area of 10,580 hectares at Mawson's Rompas gold project in northern Finland for a period of 3 years.

A standard review process under Finnish law is now underway to assess the validity of the appeals.  The estimated time for this process is 2 to 3 months.

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.

Shares Outstanding: 51,645,753. Cash: approximately C$11.0 million

On behalf of the Board,

"Michael Hudson"
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.

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.

Contacts

 

Investor Information
www.mawsonresources.com
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: info@mawsonresources.com


 
November 30 2011 - Mawson Proposes Two Separate Public Companies with Spin-Out of Peruvian Assets






November 30, 2011
Mawson Proposes a Spin-Out and New CEO of its Peruvian Assets


Vancouver, Canada - Mawson Resources Limited ("Mawson") TSX -- MAW; Frankfurt -- MRY. Mr Michael Hudson, President & CEO, announces that the Company anticipates undertaking a spin-out of its Peruvian assets (the "Spin-Out") that would reorganize the business and capital structure of Mawson into two separate public companies to allow Mawson to focus on the development of its flagship Rompas property in Finland.

Pursuant to the proposed Spin-Out, Mawson has incorporated a new subsidiary ("Darwin Resources Corp" or "Darwin") to which it will transfer all of the outstanding shares of Mawson Peru S.A.C. and 100% of its rights and interests in Altynor Peru S.A.C. The shares of Darwin will be distributed to shareholders of Mawson as a return of capital by way of a plan of arrangement (the "Arrangement") under the Corporations Act (British Columbia). The Arrangement will be voted on at a special meeting of Shareholders of Mawson which is anticipated to be held in early 2012, and will be subject to numerous conditions including shareholder and court approval, approval by, and listing of the Darwin shares on either the TSX Venture Exchange or the TSX and completion of all required regulatory filings.

The Company is also pleased to announce that Darwin's President & CEO will be Dr. Graham Carman. Dr. Carman has 25 years global exploration experience and 7 years direct exploration and managerial experience in Peru, firstly with Rio Tinto and then with Savage Resources and Pasminco Ltd as Exploration Manager until 2000. Until recently he was the founder and Managing Director of Paradigm Metals Ltd (ASX:PDM). He obtained his geological doctorate from Monash University in Melbourne studying the world-class Lihir Island gold deposit PNG. He will join Darwin full time from 1 January 2012.

Additional details of the Spin-Out and the time and place for the meeting will be announced as soon as all the commercial, legal and procedural formalities are finalized. It is proposed that the record date for shareholders entitled to receive shares of Darwin pursuant to the Arrangement would be the effective date of the Arrangement.

Darwin will own a highly prospective early stage portfolio of Cu-Au Peruvian assets that include the Alto Quemado (Cu-Au), Huatiapa (Cu-Au), Carrizales (Cu), Vicunas (Au) and Luminaria (Au) projects. In addition, Darwin will have a 100% interest in one of the strongest exploration databases in Peru.

Mr Hudson states, "Mawson's 100% owned Rompas gold discovery in Finland has developed into a significant project that will take a majority of Mawson's focus and resources for the foreseeable future. Nevertheless, an experienced team has been working diligently over the last year to acquire a prospective gold and copper portfolio in Peru. The Board has decided that shareholders will benefit by placing the Company's Peruvian assets in a standalone vehicle. We are thrilled that Dr. Graham Carman has accepted the role to run Darwin. He will manage a first class team headed by both Mr Georg Winkelmann as Managing Director of Darwin's Peruvian companies and Mr Rolando Ligarda as Darwin's Exploration Manager for South America. Importantly, all three gentlemen have a long and successful history working together over the last 16 years. We look forward to announcing further details regarding the Darwin spin-out as they become available."

About Mawson Resources Ltd (TSX:MAW, FRANKFURT:MRY, PINKSHEETS:MWSNF)

Mawson Resources Ltd 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.

Shares Outstanding: 51,645,753. Cash: approximately C$11.0 million.


On behalf of the Board,

"Michael Hudson"
Michael Hudson, President & CEO

Investor Information
www.mawsonresources.com
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: info@mawsonresources.com


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 qualified person for Mawson's Peru projects, Michael Hudson, President & CEO for Mawson and Fellow of the Australasian Institute of Mining and Metallurgy has reviewed and verified the contents of this release.

 
November 2, 2011 - Mawson Rompas Gold/Uranium Project, Finland - "Permit Status Update".
Read more...
 

OVERVIEW


Mawson Resources holds significant uranium resources in the nuclear energy-reliant countries of Sweden and Finland. The Company has a firm focus on the discovery and development of economically robust uranium deposits in these nuclear energy reliant countries.

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