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Southern Cross Gold Consolidated Ltd V.SXGC

Alternate Symbol(s):  MWSND

Metals & Mining Gold
Southern Cross Gold Consolidated Ltd., formerly Mawson Gold Limited, is engaged in exploring for epizonal gold in the Victorian goldfields. The Company operates three exploration projects: Sunday Creek Project, Redcastle Project, and Mount Isa project. The Sunday Creek Project is a shallow orogenic (or epizonal) Fosterville-style deposit located approximately 60 kilometers (km) north of Melbourne and contained within 16,900 hectares (ha) of both granted exploration licenses and one granted retention license. It owns over 1,054.5 ha of freehold land on Sunday Creek that forms the key portion in and around the main drilled area at the project and the land immediately adjacent to the south. The Redcastle Project is located in central Victoria, approximately 120 km north of Melbourne, 45 km east of Bendigo and about 20 km northeast of Heathcote. The Company holds three granted exploration tenements southeast of Cloncurry totaling 387 square kilometers (km2) and a combined strike of 37 km.


TSXV:SXGC - Post by User

Southern Cross Gold Consolidated Ltd
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Post by Betteryear2on Jun 10, 2024 7:40pm
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Post# 36081878

Mawson Proposed Merger with Southern Cross

Mawson Proposed Merger with Southern CrossVANCOUVER, BC / ACCESSWIRE / June 10, 2024 / Mawson Gold Limited ("Mawson" or the "Company") (TSXV:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce that it has entered into a non-binding term sheet ("NBTS") with Southern Cross Gold Limited ("SXG") (ASX:SXG) dated June 11, 2024 (AEST), contemplating the acquisition of SXG by Mawson through an Australian scheme of arrangement transaction (the "Australian Arrangement"). Pursuant to the NBTS, Mawson is expected to acquire all the ordinary shares of SXG (the "SXG Shares") that Mawson does not already own and change its name to Southern Cross Gold Ltd (the "New Southern Cross"). The New Southern Cross will maintain its listing on the TSX Venture Exchange ("TSXV") and seek a dual listing on the Australian Securities Exchange ("ASX"). The Australian Arrangement is not considered a related party transaction pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions.

Mawson Proposed Merger with Southern Cross and Dual Listing (accesswire.com)
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