Check Sedar for all the relevant info. $30 million shares at $2 each to raise $60 million.
Some may be disappointed with this as there were hopes of up to $3 for the relisting but at least it is now happening. I'm sure if the recent events (Libya, Japan, Middle East) hadn't happened then perhaps $2.50 was on the cards) IPO closes by 24th March or at the latest 31st March. Looks like relisting by 17th May 2011.
Good luck to all holders and well done to the company. Let's hope it's way oversubscribed and those that miss out have to buy on the market!!
$60,000,000 30,000,000 Ordinary Shares This prospectus qualifies the distribution (the ?Offering?) of 30,000,000 ordinary shares (the ?Shares?) of Mawson West Ltd. (the ?Company? or ?Mawson?) at a price of $2.00 per Share (the ?Offering Price?). The Shares will be issued and sold pursuant to an underwriting agreement (the ?Underwriting Agreement?) dated as of March 18, 2011 between the Company and Cormark Securities Inc. (?Cormark?), Raymond James Ltd., Paradigm Capital Inc., RBC Dominion Securities Inc. and Clarus Securities Inc. (together with Cormark, the ?Underwriters?). The Offering Price was determined by negotiation between the Company and Cormark.
MWE Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held