On March 25, 2020, Mawson Resources Limited ("Mawson") (TSX: MAW) (Frankfurt: MXR) (PINKSHEETS: MWSNF) announced that it had closed its previously announced strategic and acquisition investment with Nagambie Resources Limited (ASX: NAG) ("Nagambie") of Australia.
Key aspects of the transaction include:
- Mawson has subscribed for a 10% shareholding in Nagambie, in consideration of which Nagambie has received common shares of Mawson representing approximately 4.7% of the total issued common shares of Mawson;
- Mawson has acquired 100% of the Clonbinane project,; and
- Mawson has the right to earn up to a 70% joint venture interest in each of Nagambie's Redcastle and Doctor's Gully gold properties located in Victoria, Australia.
Mawson is an exploration and development company with a focus on the flagship Rajapalot gold project in Finland. The Australian acquisition provides Mawson with a strategic and diversified portfolio of high-quality gold exploration assets in two safe jurisdictions.
Gowling WLG advised Mawson with respect to this investment and acquisition with a team that included Cyndi Laval and Tara Amiri.
Read the original article on GowlingWLG.com
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.