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Southern Cross Gold Consolidated Ltd. reports exploration and project-development updates for the 100%-owned Sunday Creek gold-antimony project in Victoria. Recurring news covers diamond-drill results from prospects including Rising Sun, Apollo, Golden Dyke and Christina, visible-gold intersections, mineralization extensions, and metallurgical test work involving gold recovery and antimony concentrate characteristics.
The company's updates also document public-market status changes, including trading on the Toronto Stock Exchange, Australian Securities Exchange and OTCQX market, alongside corporate communications tied to its gold-antimony exploration focus.
Mawson Gold (OTC PINK: MWSNF) announced it has fully exercised its participation rights in Southern Cross Gold’s (SXG) Rights Issue to maintain its 50.6% ownership. The Rights Issue closed on May 9, 2024. Mawson acquired 2,840,910 SXG shares at A$1.82 per share, totaling A$5,170,456.20. This brings Mawson's holdings to 96,590,910 shares, valued at A$286,875,003 as of May 13, 2024. The proceeds will be used by SXG to fund ongoing exploration of the Sunday Creek project. Mawson seeks to maximize shareholder value by exploring ways to provide direct access to SXG shares.
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