Mawson Finland Announces Closing of Brokered Private Placement for $6.0 Million

Core Viewpoint - Mawson Finland Limited has successfully closed a brokered private placement financing, raising gross proceeds of C$6,000,000.50 through the issuance of 3,157,895 common shares at a price of C$1.90 per share [1][2]. Group 1: Offering Details - The offering was led by Stifel Nicolaus Canada Inc. as the agent, with a cash commission of 6.0% paid on the gross proceeds, except for certain President's List Purchasers [2]. - The net proceeds from the offering will be used to advance the Rajapalot Gold-Cobalt Project and for general working capital purposes [3]. Group 2: Insider Participation - Executive Chairman Mr. MacRae subscribed to the offering, acquiring 20,530 shares at the offering price, which is classified as a related party transaction [4]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to Mr. MacRae's participation not exceeding 25% of the fair market value of the company's market capitalization [4]. Group 3: Company Overview - Mawson Finland Limited is focused on the exploration and development of precious and base metal properties in Finland, primarily gold and cobalt [7]. - The company holds a 100% interest in the Rajapalot Gold-Cobalt Project, which is part of the larger Rompas-Rajapalot Property encompassing 100 square kilometers [7].