TSXV:MAW - Post Discussion
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Betteryear2 on Jun 10, 2024 7:40pm
Mawson Proposed Merger with Southern Cross
VANCOUVER, 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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