Mawson Resources (TSE:MAW) has released an update.
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Mawson Gold Limited’s affiliate, Southern Cross Gold Ltd., plans to expand its holdings by acquiring two residential properties and 100% of Sparr Nominees Pty Ltd., which holds significant agricultural lands and cash reserves. The completion of these acquisitions, dependent on regulatory approval, would dilute Mawson’s stake in Southern Cross Gold from 48.67% to approximately 43.80%, but secures strategic assets around the Sunday Creek Project.
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