Mawson Gold and Southern Cross Gold announce a non-binding term sheet for Mawson's acquisition of SXG, with a name change and dual listing.
Mawson Gold Limited and Southern Cross Gold Limited have announced a non-binding term sheet, contemplating Mawson's acquisition of SXG through an Australian scheme of arrangement transaction. Under the terms, Mawson will acquire all ordinary shares of SXG it does not already own, change its name to Southern Cross Gold Ltd, and seek a dual listing on the TSX Venture Exchange and the Australian Securities Exchange. The merger is not considered a related party transaction.
June 10, 2024
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