Southern Cross Gold Ltd V.SXG

Primary Symbol: SXGDF

Metals & Mining Gold

Southern Cross Gold Ltd is an exploration stage company with a focus on gold exploration in Australia. The Company’s focus is primarily on the exploration and development of its portfolio of exploration projects through its wholly owned subsidiaries, Clonbinane Goldfield Pty Ltd (Clonbinane), Mawson Victoria Pty Ltd (Mawson Victoria) and Mawson Queensland Pty Ltd (Mawson Queensland), which hold rights in the projects, including Sunday Creek Project, Whroo Project, Redcastle Project, and Mt Isa Project. Its flagship project, the 100%-owned Sunday Creek epizonal-style gold project, is located about 60 kilometers (km) north of Melbourne within 19,365 hectares (ha) of granted exploration tenements. The Redcastle Project is located in central Victoria about 120 km north of Melbourne, 45 km east of Bendigo and about 20 km northeast of Heathcote. The Mt Isa Project covers about 861 square kilometers of tenure in the Cloncurry/Mount Isa block in Queensland, over a combined 60 km of strike.

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Southern Cross Gold Ltd

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Post by AndrewC2on Dec 15, 2011 3:43am

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Post# 19324155

This is the Sasco news Release

HOUSTON, TEXAS--(Marketwire - Dec. 14, 2011) - Samex Mining Corp. (TSX VENTURE:SXG.V - News)(OTCBB:SMXMF.OB - News) - As previously announced on April 28, 2011, Sasco Partners, LP, of Suite 1107 - 2001 Kirby Drive, Suite 1107, Houston, Texas 77019 ("Sasco") acquired 2,464,800 common shares (the "Common Shares") of Samex Mining Corp. (the "Issuer") at an average price of $1.37 per Common Share.

Subsequently, on April 29, 2011, May 2, 2011, May 3, 2011, May 4, 2011 and May 5, 2011, an additional 205,500 Common Shares, 494,500 Common Shares, 362,400 Common Shares, 26,900 Common Shares and 311,800 Common Shares, respectively, were acquired through the facilities of the TSX Venture Exchange, at an average price of CDN$1.38 per Common Share, CDN$1.35 per Common Share, CDN$1.35 per Common Share, CDN$1.29 per Common Share and CDN$1.33 per Common Share, respectively. An amended early warning report in respect of the above noted transactions will be filed on SEDAR.

As a result of the acquisition of the additional 1,401,100 Common Shares, the number of Common Shares owned or controlled by Sasco, together with those already held by its general manager, Sasan Sadeghpour, is now 29,484,368 Common Shares (17,596,700 held by Sasco and 11,887,668 held by Sasan Sadeghpour). These Common Shares represent 23.26% of the Issuer's issued and outstanding Common Shares.

In the previous early warning report, Sasco reported that he and joint actors had acquired Common Shares for investment purposes only. The early warning report will now be updated and amended to reflect certain changes to the investment intentions, objectives and strategy of Sasco and its joint actors.

For further information or a copy of the related early warning report filed with the regulatory authorities, please contact Sasan Sadeghpour at (713) 956-5200 or visit www.sedar.com.

"Sasan Sadeghpour"

Manager of Sasco Investments, LP,

General Manager of Sasco Partners, LP

Contacts

Sasan Sadeghpour, Manager of Sasco Investments, LP,
Sasco Partners, LP
General Manager of Sasco Partners, LP
(713) 956-5200