🕐28.12.11 - 19:27 Uhr
MAWSON PROVIDES UPDATE ON TRANSACTION WITH TOURNIGAN ENERGY LTD.
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Re: News Release - Wednesday, December 28, 2011
Mawson Provides Update on Transaction with Tournigan Energy Ltd.
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Vancouver, Canada - Mawson Resources Limited ("Mawson" or the
"Company") TSX - MAW; Frankfurt - MRY.
Mr.
Michael Hudson, President &
CEO, announces that the Company has signed a binding agreement with
Tournigan Energy Ltd.
(TSXV: TVC) ("Tournigan") respecting the terms of
the Letter of Intent ("LOI") announced on December 7, 2011 (the
"Agreement").
The Agreement supersedes the LOI.
Mawson has received conditional acceptance from the Toronto Stock
Exchange to proceed with the transactions contemplated under the
Agreement with Tournigan.
About Mawson Resources Limited (TSX:MAW, FRANKFURT:MRY,
PINKSHEETS:MWSNF)
Mawson Resources Limited is a resource acquisition and development
company.
The Company has distinguished itself as a leading Scandinavian
exploration company with a focus on the flagship Rompas gold project in
Finland.
Shares Outstanding: 51,680,753.
Cash: approximately C$11.0 million.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, President & CEO
Investor Information
www.mawsonresources.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez +1 (604) 685 9316
Investor Relation Consultants - Mining Interactive
Nick Nicolaas+1 (604) 657 4058
Email:
Forward Looking Statement.
The statements herein that are not
historical facts are forward-looking statements.
These statements
address future events and conditions and so involve inherent risks and
uncertainties, as disclosed under the heading "Risk Factors" in the
companys periodic filings with Canadian securities regulators.
Actual
results could differ from those currently projected.
The Company does
not assume the obligation to update any forward-looking statement
except as required by law.
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Copyright (c) 2011 MAWSON RESOURCES LTD.
(MAW) All rights reserved.
For more information visit our website at
http://www.mawsonresources.com or send mailto:
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