Mawson Gold Ltd. (MWSNF)

[Kaseymoe]

Mawson seeks funding for Aussie spin-out
TSX-listed Mawson Gold has followed through on its plans to spin-out its Australian assets onto the Australian Securities Exchange in order to focus on its Scandinavian interests, including its flagship Rajapalot gold-cobalt project in Finland.

https://www.miningnews.net/capital-markets/news/1429870/mawson-seeks-funding-for-aussie-spin-out

from the article:

The Vancouver-based Mawson is looking to raise A$8-10 million at 20c to set Southern Cross Gold free, topping up a starting $2.2 million cash position.

The company isn't looking towards the Southern Cross goldfields in the west, but to the east, where its primary focus is on its 100%-owned Sunday Creek tenements in Victoria.

It also has the Redcastle and Whroo joint ventures where it is earning 70% from Nagambie Resources, in which it owns 10%, a first right of refusal over 3300sq.km tenement package held by Nagambie, all in Victoria, and tenure in Queensland's polymetallic Mt Isa region.


The company has spent around $6 million to date, but with its gaze increasingly focused on the Northern Lights of the Arctic circle, it has decided its tenure under the Southern Cross needs a dedicated focus.
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What to read into that move? Do one thing well might apply here.
Not sure what it implies for Rajaplot/Rompas. Focus is on them then it's on Aussie Gold then back to Finland.

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Is anybody here?? Is there another more active Board for Mawson?




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