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Mawson Resources plans to extend warrant terms

Tuesday, October 4, 2016 6:33
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(Before It's News)

Mawson Resources Ltd (TSE:MAW) told investors it plans to extend the term on over 4.5mln warrants issued as part of a placing two years ago.

Each of the share purchase warrants entitles the bearer to buy a Mawson share at 50 cents a pop. The firm wants to extend the warrants by three months.

Insiders of the company hold around 1.51mln warrants and the firm will seek disinterested shareholder approval for the extension of the insider warrants at the next annual shareholder meeting on November 18 this year.

Story by ProactiveInvestors

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