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

Core Points - Mawson Finland Limited is highlighting the completion of First Nordic Metals Corp.'s $80 million financing through subscription receipts priced at $0.38 each [1][2] - First Nordic has entered into an agreement to acquire all common shares of Mawson, leading to the formation of NordCo Gold [2][3] - The transaction is expected to close in December 2025, pending shareholder and regulatory approvals [4] Financing Details - First Nordic's financing consists of both brokered and non-brokered offerings [1] - Each subscription receipt will convert into one common share of NordCo Gold, adjusted for a 4:1 consolidation [2] Management Statements - The CEO of Mawson expressed confidence that NordCo Gold will be well-capitalized to advance both First Nordic's Barsele project and Mawson's Rajapalot project [3] - Mawson's special meeting for shareholders to vote on the transaction is scheduled for December 4, 2025, with materials to be sent out in November [3] Loan Agreement - First Nordic will provide Mawson with a bridge loan of up to $1 million to cover transaction-related costs and general working capital [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] Company Overview - Mawson Finland Limited focuses on the acquisition and exploration 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 a larger property consisting of 13 exploration permits [7]