🕐02.05.12 - 18:54 Uhr
MAWSON SPIN-OUT DARWIN RESOURCES BEGINS TRADING ON THE TSX VENTURE EXCHANGE
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Re: News Release - Wednesday, May 02, 2012
Mawson Spin-Out Darwin Resources Begins Trading on the TSX
Venture Exchange
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Vancouver, Canada - Mawson Resources Limited ("Mawson") TSX - MAW;
Frankfurt - MRY.
Mr Michael Hudson, President & CEO, is pleased to
announce that, further to the news release of Mawson dated April 30,
2012, that the court approved plan of arrangement as part of the
reorganization of the business and capital of Mawson (the
"Reorganization") has been completed and as a consequence Darwin is now
listed, as of today, on the TSX Venture exchange under the trading
symbol TSXV:DAR.
Mr Hudson states, "The Reorganization will maximize value for Mawson
shareholders and allow the Company to focus on the development of its
flagship Rompas property in Finland.
Darwin begins trading in a strong
position, with an extremely competent and experienced management team
and excellent institutional shareholder support.
Darwin is well
financed, with more than C$4M to explore its highly prospective
portfolio of gold and copper properties, and I have no doubt it will
rapidly develop into a leading Latin American exploration company
through discovery and acquisition.
I encourage Mawson shareholders to
share in the long term benefits that this strategy may bring.
We wish
Dr.
Graham Carman and his highly capable team all the very best as
Darwin commences its life in the capital markets."
In other news, Mawson has now drilled 30 drill holes for 3,178 metres
at Rompas.
First results are expected to be released during May 2012.
Visible gold has been noted within centimetre wide zones within 10 of
the 30 holes.
It is anticipated drilling will cease shortly as the
snow cover thins.
Drill core is to be prepared and analyzed by ALS
Chemex Ltds laboratories in Pitea, Sweden and Vancouver, Canada, where
blanks and known standards have been inserted according to standard
industry practice.
The qualified person for Mawsons Finnish projects,
Mr.
Terry Lees, VP Exploration for Mawson and Fellow of the Australian
Institute of Geoscientists has reviewed and verified the contents of
this release.
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.
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
Seema Sindwani (Institutional IR) +1 (647) 478-3017
Nick Nicolaas (Retail IR) +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.
The
TSX Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
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Copyright (c) 2012 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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