Southern Cross Gold Ltd. (AU:SXG) has released an update.
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Southern Cross Gold Ltd. (ASX: SXG) is set to merge with Mawson Gold Limited (TSXV: MAW) in a move that simplifies its corporate structure, aiming for a dual listing in Australia and Canada. This strategic restructuring is expected to enhance capital market access and reduce equity capital costs, benefitting the development of the Sunday Creek Project. The merger will see current SXG shareholders holding a majority stake in the newly formed Southern Cross Gold Consolidated Ltd.
For further insights into AU:SXG stock, check out TipRanks’ Stock Analysis page.