Mawson Resources (TSE:MAW) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Mawson Gold Limited has successfully maintained its 50.6% ownership in Southern Cross Gold Ltd. by participating in the latter’s Rights Issue, investing A$5,170,456.20 to acquire additional shares. This strategic move comes as the two-year escrow period on Mawson’s shares from SXG’s IPO is set to expire, and the company is exploring options to enhance shareholder value and facilitate access to SXG shares. Meanwhile, SXG plans to use the Rights Issue proceeds to advance drilling at its Sunday Creek gold-antimony project.
For further insights into TSE:MAW stock, check out TipRanks’ Stock Analysis page.