Bullboard - Stock Discussion Forum 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... see more

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Southern Cross Gold Consolidated Ltd > Mawson Announces Signing of Arrangement Agreement

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Post by Betteryear2 on Sep 18, 2024 7:12am

Mawson Announces Signing of Arrangement Agreement

VANCOUVER, BC / ACCESSWIRE / September 18, 2024 / Mawson Gold Limited("Mawson" or the "Company") (TSXV:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce that further to its news releases dated June 10, 2024 and July 30, 2024, Mawson has entered into an arrangement agreement (the "Arrangement Agreement") with SUA Holdings Ltd. ("SUA"), a newly formed wholly-owned subsidiary of Mawson, pursuant to which the Company proposes to spin-out its uranium assets in Sweden (the "Uranium Assets") to SUA in consideration for common shares of SUA ("SUA Common Shares") and distribute 100% of the SUA Common Shares it then holds to the Mawson shareholders on a pro rata basis. As a result, following completion of the Arrangement, the Mawson shareholders (other than any dissenting shareholders) will also become shareholders of SUA and SUA will no longer be a subsidiary of Mawson.

Mawson Announces Signing of Arrangement Agreement for The Spin Out of Uranium Assets in Sweden and Announces Shareholder Meeting Date (accesswire.com)

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