Welcome to our dedicated page for SOUTHERN CROSS news (Ticker: MWSNF), a resource for investors and traders seeking the latest updates and insights on SOUTHERN CROSS stock.
The MWSNF news page on Stock Titan aggregates company announcements and market coverage related to Southern Cross Gold Consolidated Ltd, a basic materials issuer focused on the Sunday Creek Gold-Antimony Project in Victoria, Australia. Company news releases describe Sunday Creek as an epizonal gold-antimony deposit with a "Golden Ladder" structure extending over a 12 km strike length and mineralization confirmed from surface to significant depths.
Readers following MWSNF-linked news can review detailed drilling updates from prospects such as Rising Sun, Apollo, Christina and Golden Dyke, where Southern Cross Gold Consolidated reports multiple high-grade gold and antimony intercepts and step-out drilling that extends mineralization at depth and along strike. The company’s releases also discuss extensive drill programs, historical workings, and the definition of numerous high gram-metre gold-equivalent intersections based on a gold-plus-antimony formula.
News items further cover metallurgical developments at Sunday Creek, including gravity and flotation test work that has produced high-grade, low-arsenic antimony-gold concentrates and high overall gold recoveries. Capital markets updates, such as private placements, exchange listings on the TSX and ASX, and changes in OTC trading tiers, provide context on how the company finances and structures its exploration and development activities.
By using this page, investors and observers can access a stream of official company disclosures and related coverage tied to the MWSNF symbol, helping them understand how Southern Cross Gold Consolidated reports progress on drilling, metallurgical studies, and its positioning in the gold and antimony space.
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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