Mawson Resources closes significantly oversubscribed funding and Vizsla Resources can drill again!

Mawson Resources has raised enough money to implement its ambitious exploration programs in Mexico and Finland, and Vizsla Resources continues exploration after the COVID 19 compulsory break!

CAD 17 million for Mawson Resources!

Mawson Resources Limited (ISIN: CA57776G1063 / TSX: MAW) has established itself as a leading Nordic exploration company focused on its gold-cobalt ‘Rajapalot’ project in Finland. But also through the recent acquisition in the ‘Goldfields’ region in Victoria, Australia, the company has enriched its portfolio with high quality gold exploration assets. Mawson is thus running two projects in coveted and legally sound countries.

To further develop these promising assets, the company closed with the participation of Red Cloud Securities Inc., Sprott Partners LP, Canaccord Genuity Corp. and Eight funded Mawson with $ 17 million in cash.

In total, the aforementioned banks placed 48,572,000 units with investors at a price of $ 0.35 per unit. Each unit consists of one common share of the company and half a common share purchase option (‘warrant’). Each entire ‘warrant’ entitles the holder to purchase another common share at a price of CAD 0.45 until May 20, 2022. The lion’s share of the net proceeds is to be used to further explore the company’s own projects and to use the rest as working capital.

A very pleased chairman and CEO, Michael Hudson, said:

“Mawson has never been better positioned than it is now! Our company has solid exploration assets in two of the safest and leading jurisdictions in the world, we already have important permits. Now, at the latest, we also have the financial means to develop our projects quickly. ”

They are proud that the CAD17 million round of financing was so well received and significantly oversubscribed. The intention is to aggressively expand the growing gold resource base in Finland within the next two years and to immediately begin exploring the high-level Fosterville-type projects in the Victoria Goldfields region.

As the exploration progresses, exciting times for Mawson shareholders begin, as new top results from Australia and Finland can be reported almost every day in the near future.

At Vizsla Resources, the first drill is turning again!

It’s finally here again, and at Vizsla Resources Corp. (ISIN: CA92857Y1060 / TSX-V: VZLA) can loosen the drill again due to the loosening regarding the COVID-19 pandemic! The company said it had already started to continue the 14,500m drilling program on its Mexican ‘Panuco’ project. Thus, at least we assume that an almost constant news flow of the company should start in the near future and that the company will continue to be the focus of investors.

Vizsla to its ‘Panuco’ project, which is located on a newly consolidated 9,386.5 hectare district that already has important permits, such as that to operate a 500 ton per day mill, and which also has excellent infrastructure which includes a 5 km tunnel, drop-off facilities, roads and electricity, makes investors’ hearts beat faster. The project, located in Panuco, in the south of Sinaloa in Mexico, is not far from the city of Mazatlán.

CEO Michael Konnert said that they were very pleased with the “restart” of the drilling work and that they would start further exploring the high-grade results of the cord samples from ‘Cordon del Oro’ and ‘Napoleon’. But also extending the exploration licenses until initially until 2022 gives the company enough time to use the high-level goals of the as yet unexplored areas of the district on the ‘Panuco’ project.

Since the COVID-19 pandemic has not yet ended, the company is working very closely with the Ministry of Health and is implementing measures that go well beyond the legal requirements.

Even if the drilling will initially only be resumed with one drilling rig, which will be successively followed in the coming month – depending on the COVID 19 conditions – this is a milestone for the company. Vizsla has set itself ambitious goals with 10,861 meters of drilling still open this year to test five of the original twenty identified targets.

Good for the shareholders, since they should now be provided with a constant flow of news, which should be reflected in rising drill prices if further drilling hits occur.

many Greetings


Jörg Schulte

In accordance with section 34 of the WpHG, I would like to point out that Jörg Schulte, JS Research UG (limited liability) or company employees can buy or sell their own business in the shares of the companies presented (e.g. long or short positions) at any time. This also applies to options and derivatives based on these securities. The resulting transactions may influence the company’s share price. The information, recommendations, interviews and company presentations published on the “websites”, the newsletter or the research reports are paid for by the respective companies or third parties (so-called “third parties”). The “third parties” include e.g. Investor relations and public relations companies, brokers or investors. JS Research UG (limited liability) or its employees can be paid directly or indirectly for the preparation, electronic distribution and other services by the companies discussed or so-called “third parties” with an allowance. Even if we compile each report to the best of our knowledge and belief, we advise you on other external sources regarding your investment decisions, such as Consult your house bank or a trusted advisor. For this reason, liability for financial loss that may result from using the explanations given here for your own investment decisions is categorically excluded. The custody account shares of individual shares should only be so much, especially with commodity and exploration shares and with low capitalized values, that even in the event of a total loss, the total portfolio can only lose marginally in value. Shares with a small market capitalization (so-called “small caps”) and especially exploration stocks as well as all listed securities in general are subject to considerable fluctuations. The liquidity in the securities can be correspondingly low. When investing in the raw materials sector (exploration companies, raw material producers, companies that develop raw material projects), additional risks must be taken into account. Below are some examples of separate risks in the raw materials sector: country risks, currency fluctuations, natural disasters and storms (e.g. floods, storms), changes in the legal situation (e.g. bans on exports and imports, punitive tariffs, prohibition of raw material extraction or exploration, nationalization of projects), environmental regulations (eg higher costs for environmental protection, designation of new environmental protection areas, prohibition of various mining methods), fluctuations in raw material prices and considerable exploration risks.

Disclaimer: All information published in the report is based on careful research. The information does not constitute an offer to sell the shares discussed or a solicitation to buy or sell securities. This report represents only the personal opinion of Jörg Schulte and is in no way to be compared with a financial analysis. Before you make any investments, professional advice from your bank is essential. The statements are based on sources that the publisher and his employees consider to be trustworthy. However, no liability can be accepted for the correctness of the content. No liability is assumed for the correctness of the charts and data shown on the commodity, foreign exchange and stock markets. The source language (usually English) in which the original text is published is the official, authorized and legally valid version. This translation is included for better understanding. The German version can be shortened or summarized. No responsibility or liability is assumed: for the content, correctness, adequacy or accuracy of this translation. From the translator’s point of view, the message does not constitute a buy or sell recommendation! Read here – -. Please also note the original English message, if available.

Note: PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section. PERSONAL-FINANCIAL.COM AG is not responsible for content that has been posted by third parties in the “News” area of ​​this website and does not adopt it as its own. This content is particularly recognizable by a corresponding “von” label below the article title and / or by the link “To read the complete article, please click here.”; the named third party is solely responsible for this content.

Related Articles

Back to top button