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Southern Cross Gold Secures C$88.8M in First Tranche of Private Placement

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Southern Cross Gold Secures C$88.8M in First Tranche of Private Placement

Confident Investing Starts Here:

Mawson Resources ( (TSE:SXGC) ) has shared an update.

Southern Cross Gold Consolidated Ltd has successfully closed the first tranche of its C$143M/A$162M private placement, raising C$88.8M through the issuance of 19.7 million common shares and CDIs. The funds will support key development milestones at the Sunday Creek Gold-Antimony Project, including drilling, decline development, and exploration target expansion, positioning the company for significant growth in the resource sector.

More about Mawson Resources

Southern Cross Gold Consolidated Ltd operates in the mining industry, focusing on the exploration and development of gold and antimony resources. The company is actively involved in the Sunday Creek Gold-Antimony Project located in Australia, aiming to expand its mineral resource base.

Average Trading Volume: 187,763

Technical Sentiment Signal: Buy

Current Market Cap: C$1.11B

Learn more about SXGC stock on TipRanks’ Stock Analysis page.

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