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Mawson Resources ( (TSE:SXGC) ) has shared an announcement.
Southern Cross Gold Consolidated Ltd, a company listed on TSXV and ASX, is undertaking a capital raising initiative through a private placement to raise approximately C$120 million. The funds will be used for extensive drilling, permitting, and development to accelerate access to mineralization, and for a preliminary economic assessment. The placement involves issuing common shares and Chess Depositary Interests at a discount to recent trading prices, with the issuance expected to occur in May 2025. This move is likely to strengthen the company’s financial position and support its strategic exploration and development plans.
More about Mawson Resources
YTD Price Performance: 45.20%
Average Trading Volume: 180,139
Technical Sentiment Signal: Sell
Current Market Cap: C$1.04B
For a thorough assessment of SXGC stock, go to TipRanks’ Stock Analysis page.