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The latest announcement is out from Mawson Resources ( (TSE:SXGC) ).
Southern Cross Gold Consolidated Ltd (SXGC) has announced the commencement of trading on the Australian Stock Exchange (ASX) under the ticker symbol ‘SX2’. This marks a significant milestone for the company, as the dual listing enhances market access and trading flexibility for shareholders. The trading will begin on a deferred settlement basis, with shares to be settled as CHESS Depositary Interests at a 1:1 ratio. The company did not raise additional funds through this listing, and the Scheme of Arrangement will allow SXGC to acquire all outstanding shares of Southern Cross Gold Ltd. This strategic move is expected to strengthen SXGC’s position in the industry and provide benefits to its stakeholders.
More about Mawson Resources
Southern Cross Gold Consolidated Ltd (SXGC) operates in the gold mining industry and provides opportunities for investors across the Australian and Canadian markets through its dual listing.
YTD Price Performance: 7.98%
Average Trading Volume: 49,390
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$312.3M
Find detailed analytics on SXGC stock on TipRanks’ Stock Analysis page.
