March 2 (Reuters) - Mawson West Ltd MWE.TO :
* To place Kapulo Mine on care and maintenance and announces financing and debt
restructuring
* Says Galena has advised Mawson West that it intends to consider alternatives
for taking Mawson West private
* Galena private equity resources fund lp has agreed to provide Anvil Mining
Congo Sa, with a secured loan of up to US$20.0 million
* Says projects to cease mining at the end of March, while milling operations
will continue into April
* Made decision to to place Kapulo Mine on care and maintenance due to
"continued weakness in the price of copper"
* Galena has been issued warrants exercisable to acquire up to 2.74 billion
ordinary shares of the company at CAD$0.01 per share
* Co "currently having difficulties satisfying its payables in a timely manner"
* At current prices, the company is producing at levels insufficient to cover
its operational and financial obligations"
* Source text for Eikon Further company coverage MWE.TO