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Saturn Oil & Gas Inc. Announces its First Development of Cardium Wells at Brazeau and Continued Successful Development (click to learn more)
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Bullboard - Stock Discussion Forum Mawson Gold Ltd V.MAW

Alternate Symbol(s):  MWSNF

Metals & Mining Gold
Mawson Gold Limited is a Canada-based Nordic exploration company. The Company is engaged in gold/uranium exploration. The Company holds the Skelleftea North gold discovery and a portfolio of historic uranium resources in Sweden. The Company owns or controls three high-grade, historic epizonal goldfields covering approximately 470 square kilometers (km2) in Victoria, Australia. Its Australian... see more

TSXV:MAW - Post Discussion

Mawson Gold Ltd > Hell Yaaaa.....
View:
Post by habsguy on Apr 01, 2024 8:36pm

Hell Yaaaa.....

On a halt down under........bits gonna talk......
Comment by habsguy on Apr 01, 2024 8:53pm
My bad... it seem to be a raise......
Comment by Heywood_Silvers on Apr 02, 2024 7:35pm
SXG website indicates it is a two day trading halt.  That is VERY strange for the usual and ordinary occurrenc within the junior resource sector of issuing shares to raise capital.  Now, it could be that shares are being issued to a major (Agnico maybe?) who is taking a strategic stake in SXG which would cause immense upwards pressure in the share price and totally justify a trading halt ...more  
Comment by Heywood_Silvers on Apr 03, 2024 6:28pm
OK, the press release does have to do with a capital raise.  Existing shareholders can purchase additional shares if they so choose at the equivalent of about $1.37 USD.  Looks like this is being done to accommodate share liquidity prior to SXG being listed for trading in Canada. Not certain why this necessitated a trading halt, but the news is generally positive nonetheless.
Comment by habsguy on Apr 03, 2024 7:02pm
Yes...they want to raise 10.25M....aprox 5.6M shares....1 for 33... He kept his word on giving existing share holders first grab.....
Mawson Gold Ltd