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Mawson West Ltd Ord MWSWF

"Mawson West Ltd is an Australian-based copper producer, developer and explorer. It is engaged in the production of copper and silver concentrate production, mineral exploration and development in the Democratic Republic of the Congo."


GREY:MWSWF - Post by User

Comment by kstullon Dec 12, 2014 4:11pm
110 Views
Post# 23225731

RE:RE:7 hours ago

RE:RE:7 hours agoWhere you find they pass review??? The company finance & restructure statement with hardship application says they expect results by 12/18/14.

from statement:

• Mawson West has had to seek TSX approval for the transaction under a Financial
Hardship Application as elements of the transaction could not otherwise have been
implemented on the necessary timeframe
• The Company expects to hear the result of the application by Thursday 18th
December
Delisting Review
• The TSX automatically conducts a delisting review when a Company makes a Financial
Hardship Application
• The purpose of the review is to determine whether the Company has adequate
funding for its commitments over the next 6 months
• The Mawson West Board is confident that it will have adequate funding posttransaction,
given the current outlook for the company’s operations and the copper
market
Advisers • Mawson West’s financial adviser in respect of the transaction is Azure Capital Limited
 
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