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Southern Cross Gold Announces Inclusion in the S&P/ASX All Ordinaires Index
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / March 10, 2025 / Southern Cross Gold Consoli...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Southern Cross Gold Announces Inclusion in the S&P/ASX All Ordinaires IndexVANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / March 10, 2025 / Southern Cross Gold Consolidated Ltd . (\"Southern Cross Gold\" or the \"Company\") (TSXV:SXGC)(ASX:SX2)(OTC PINK:MWSNF)(Frankfurt:MV3.F) announces that the CHESS Depositary Interests (\"CDI\") of the Company will be added to the S&P/ASX All Ordinaries Index effective prior to Australian Securities Exchange (\"ASX\") market open on March 24, 2025.Michael Hudson, Southern Cross Gold's President & CEO, commented , \"We are delighted to be included in the All Ordinaries Index, which recognizes our team's hard work and the support of our shareholders in building Southern Cross Gold into a significant player in the Australian gold and critical metals sector. This inclusion will increase our visibility to a broader range of investors and potentially improve the liquidity of our shares, benefiting all stakeholders. We look forward to continuing to engage with investment analysts, institutional fund managers, and investors both in Australia and internationally as we continue to build one of the world's most significant gold-antimony assets at Sunday Creek.\"The S&P/ASX All Ordinaries Index is Australia's oldest share market indicator and represents the 500 largest companies listed on the ASX by market capitalization. The index is widely regarded as the benchmark for measuring the performance of the Australian equity market.Southern Cross Gold's inclusion in this index is expected to attract increased interest from institutional investors, index funds, and exchange-traded funds (ETFs) that track the All Ordinaries, potentially enhancing the Company's visibility and trading liquidity.Southern Cross Gold's CDIs commenced trading on the ASX under the ticker symbol SX2 on January 15, 2025. Each CDI represents one fully paid share of common stock of Southern Cross Gold Consolidated Ltd.Southern Cross Gold also announces the granting of an aggregate of 700,000 stock options (the \"Options\") to Canadian officers and a consultant in Australia to acquire an aggregate of 700,000 common shares of the Company for a period of three years and vest immediately from the date of grant. The Options are exercisable at C$3.38. The granting of the Options is part of the long-term compensation, alignment and ...