Brief: Southern Cross Gold Announces Proposed Merger With Mawson Gold And Dual Listing
11/06/2024 02:49
June 11 (Reuters) - Southern Cross Gold Ltd SXG.AX :
* SXG PROPOSED MERGER WITH MAWSON GOLD AND DUAL LISTING
* SIGNED A NON-BINDING TERM SHEET WITH MAWSON GOLD OF CANADA
* RESULTING ENTITY FROM MERGER WILL BE LISTED ON BOTH
AUSTRALIAN
SECURITIES EXCHANGE (ASX) AND TSX VENTURE EXCHANGE
* TERM SHEET TO MERGE COS THROUGH AN AUSTRALIAN SCHEME OF
ARRANGEMENT TRANSACTION
* IN AGREEMENT, MAWSON TO PURCHASE ALL SXG SHARES THAT IT
DOES NOT
OWN BY WAY OF A SCHEME OF ARRANGEMENT ON A 1 FOR 1 BASIS
Further company coverage: SXG.AX
((Reuters.Briefs@thomsonreuters.com;))
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