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Mawson Finland Expands Private Placement to Support Rajapalot Project

Story Highlights
  • Mawson Finland will upsize its private placement to C$6,000,000 due to strong demand.
  • Funds will support the Rajapalot Project and general capital, closing by March 5, 2025.
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Mawson Finland Expands Private Placement to Support Rajapalot Project

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Mawson Finland Limited ( (TSE:MFL) ) has shared an update.

Mawson Finland Limited has announced an increase in its brokered private placement financing to C$6,000,000 in response to strong demand. The proceeds will be used to advance the Rajapalot Gold-Cobalt Project and for general working capital, with the offering expected to close by March 5, 2025, subject to necessary approvals.

More about Mawson Finland Limited

Mawson Finland Limited is an exploration stage mining development company focused on the acquisition and exploration of precious and base metal properties in Finland, with a primary emphasis on gold and cobalt. The company holds a 100% interest in the Rajapalot Gold-Cobalt Project, part of the larger Rompas-Rajapalot Property.

YTD Price Performance: 14.94%

Average Trading Volume: 20,414

Technical Sentiment Consensus Rating: Strong Sell

Learn more about MFL stock on TipRanks’ Stock Analysis page.

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