Business
Southern Cross Gold Commences Trading on ASX
VANCOUVER, BC / ACCESSWIRE / January 15, 2025 / Southern Cross Gold Consolidated Ltd ("SXGC", "SX2" or the "Company") (TSXV:SXGC) (ASX:SX2) announces that its s
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / January 15, 2025 / Southern Cross Gold Consolidated Ltd (\"SXGC\", \"SX2\" or the \"Company\") (TSXV:SXGC) (ASX:SX2) announces that its securities will commence trading on the Australian Stock Exchange (\" ASX\" ) today at 3.00pm Australian Eastern Daylight Time (\"AEDT\") on a deferred settlement basis, under the ticker symbol \" SX2 \". The Shares of SX2 will be settled in the form of CHESS Depositary Interests (‘CDI's') at a ratio of 1:1. All regulatory matters have been dealt with and shortly the Scheme of Arrangement (the \"SXG Scheme\") whereby SX2 will acquire all of the issued share capital of Southern Cross Gold Ltd (\"SXG\") it does not already own will complete. Eligible SXG Scheme Shareholders that are on the SXG share register on the record date, being 7.00pm on Friday 17 January 2025 (AEDT), will have their SXG shares acquired in exchange for one SX2 CDI or, if the shareholder has made a valid election, one SXGC common share in book-entry form in the Direct Registration System. No funds were raised by SX2 in connection with the listing on ASX. Key dates to Implementation Event Date (all times AEDT) Effective Date The date on which the Scheme becomes Effective Lodgement by SXG with ASIC of the Court orders approving the Scheme and lodgement of announcement to ASX Last day of trading in SXG Shares on the ASX Suspension of SXG Shares from trading on the ASX from close of trading Wednesday 15 January 2025 SXGC (formerly named Mawson) CDIs commence trading on the ASX on a deferred settlement basis under the code SX2 Thursday 16 January 2025 Scheme Record Date Time and date for determining entitlements to the Scheme Consideration 7.00pm on Friday 17 January 2025 Implementation Date Provision of the Scheme Consideration to Scheme Participants Friday 24 January 2025 SXGC CDIs commence trading on the ASX on a normal settlement basis under the code SX2 Tuesday 28 January 2025 Michael Hudson, President & CEO of SXGC states: \"The commencement of trading of SX2 on the ASX marks a significant milestone for Southern Cross Gold Consolidated. This dual listing structure provides enhanced market access and trading flexibility for our shareholders across both the Australian and Canadian markets. The successful implementation of the Scheme of Arrangement with Southern Cross Gold will create a stronge...