Mawson Gold Ltd V.MAW

Article on Southern Cross Gold spinoff

[Heywood_Silvers]

https://stockhead.com.au/resources/southern-cross-hits-high-grade-gold-results-as-it-gears-up-for-listing/

[Zooloo]

Good article. Thanks for posting. I don't get this ASA listing for Australian investors. It seems a bit discriminatory to me. Will they follow up with a North American listing? I don't understand this. It smacks of screwing their North American investors to me. I once tried to buy shares on the ASA but the price for the transacton was prohibitive.

[Heywood_Silvers]

You will likely have to purchase shares via the OTC markets.  No worries, the spreads are usually about the same as buying off the TSX.  I have to buy all my Canadian shares on the OTC unless they are dual listed on the NYSE. A good example of an Aussie company listed on the OTC is gold miner Silver Lake Resources, which has an OTC ticker of SVLKF.  Any legit brokerage should allow

[Zooloo]

Thanks for the reply. I think you are right. Just that one time I wanted to buy shares on the ASA and it was prohibitively expensive but, yes, there were other times when the shares were listed on the over the counter. We live in hope. Thanks again.

[Nighttrade]

how exactly will this spin off work for current share holders. Will a percentage of my MAW shares now become Southern Cross Gold shares? And how will I trade those. I have never had this happen before. Thanks

[Heywood_Silvers]

You will receive a pro-rata share of the S Cross spinoff shares.  Let's say for example you own 1% of the outstanding shares of MAW.  After the spinoff occurs, you will receive 1% of the S Cross shares.  You will keep all your original MAW shares. The shares will be tradeable once a market develops for them, meaning that they have been assigned a ticker symbol and market makers

[Nighttrade]

thank you and thanks for your patience.