Mawson Finland Highlights Closing of First Nordic’s $80M Financing, Announces Date of Special Shareholder Meeting for Arrangement Approval, Announces Loan

Core Viewpoint - Mawson Finland Limited is advancing its strategic partnership with First Nordic Metals Corp through a significant financing and acquisition agreement, which is expected to enhance the capital structure and project development capabilities of the combined entity, NordCo Gold. Group 1: Financing and Transaction Details - First Nordic has successfully closed an $80 million financing through a brokered and non-brokered offering of subscription receipts priced at $0.38 each [1] - An arrangement agreement has been established where First Nordic will acquire all common shares of Mawson, with each subscription receipt convertible into one common share of NordCo Gold, subject to a 4:1 consolidation [2] - The transaction is anticipated to close in December 2025, pending approval from Mawson shareholders, the Ontario Superior Court, and the TSX Venture Exchange [4] Group 2: Management and Future Plans - The CEO of Mawson expressed confidence that NordCo Gold will be well-capitalized post-transaction, enabling progress on First Nordic's Barsele project and Mawson's Rajapalot project [3] - A special meeting for Mawson shareholders to vote on the transaction is scheduled for December 4, 2025, with proxy materials to be distributed in November [3] Group 3: Financial Arrangements - First Nordic will provide bridge financing to Mawson in the form of a loan up to $1 million, intended for transaction-related costs and general corporate purposes [5] - The loan will accrue interest at 8% per annum, with repayment due by January 30, 2026, or upon termination of the arrangement agreement [6] Group 4: Company Overview - Mawson Finland Limited is focused on the exploration and development of precious and base metal properties in Finland, primarily gold and cobalt, holding a 100% interest in the Rajapalot Gold-Cobalt Project [7]