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Gold 3,880.80 −0.1% Silver 48.95 −2.2% Copper 6.11 −1.4% Oil 88.58 −0.1% Palladium 1,012.75 +2.1% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.44 −4.5% XTG 2.00 +0.0% RUA 1.12 +1.8% TUF 0.610 −1.6% NEXG 1.12 −1.8% ELEF 0.285 +1.8% LVG 0.330 −2.9% BBB 0.510 +2.0% NGC 0.055 −8.3% ABRA 10.49 −2.7% OBUL 0.340 −1.4% MKO 10.74 −0.7% SGML 7.41 +4.7% CERT 2.22 +4.7% Gold 3,880.80 −0.1% Silver 48.95 −2.2% Copper 6.11 −1.4% Oil 88.58 −0.1% Palladium 1,012.75 +2.1% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.44 −4.5% XTG 2.00 +0.0% RUA 1.12 +1.8% TUF 0.610 −1.6% NEXG 1.12 −1.8% ELEF 0.285 +1.8% LVG 0.330 −2.9% BBB 0.510 +2.0% NGC 0.055 −8.3% ABRA 10.49 −2.7% OBUL 0.340 −1.4% MKO 10.74 −0.7% SGML 7.41 +4.7% CERT 2.22 +4.7%
Other

Mawson Shareholders Approve Arrangement with First Nordic Metals Corp.

By The Northwire Desk — AI Analysis Dec 04, 2025 · 18:18 MFL · 3.24 Mawson Finland Limited
MFL · Price

Executive Summary

  • Shareholders approved Mawson Finland Ltd.’s proposed business combination with First Nordic Metals Corp., with 100% of votes cast in favour.
  • The arrangement will result in all Mawson common shares being exchanged for 1.7884 First Nordic shares (post‑consolidation), making Mawson a wholly‑owned subsidiary of First Nordic.
  • Closing is expected around December 16, 2025 pending court approval and satisfaction of remaining conditions; Mawson’s TSX‑V shares will be delisted thereafter.

Key Details

  • Shareholder Vote: 11,568,435 common shares voted (52.09% of outstanding), 100% in favour of the Arrangement.
  • Court Hearing: Ontario Superior Court hearing scheduled for December 8, 2025; final approval required.
  • Exchange Ratio: 1 Mawson share → 1.7884 First Nordic shares after a planned 4‑for‑1 consolidation of First Nordic (equivalent to 7.1534 pre‑consolidation).
  • Closing Timeline: Anticipated on or about December 16, 2025, subject to condition satisfaction/waivers.
  • Post‑Closing Structure: Mawson becomes a direct wholly‑owned subsidiary of First Nordic; its shares will be delisted from the TSX Venture Exchange.
  • Reporting Status: Application will be made for Mawson to cease being a reporting issuer in all jurisdictions on closing date.
  • Reference Documents: Management Information Circular dated October 29, 2025 filed on SEDAR+; Arrangement Agreement also available on SEDAR+.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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