Brief: Southern Cross Gold Announces Proposed Merger With Mawson Gold And Dual Listing

Southern Cross Gold Consolidated

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;))