Southern Cross Gold Announces Inclusion in the S&P/ASX All Ordinaires Index
Southern Cross Gold (TSXV:SXGC, ASX:SX2, OTC:MWSNF) has announced its upcoming inclusion in the S&P/ASX All Ordinaries Index, effective March 24, 2025. This milestone follows the company's recent listing on the ASX under ticker SX2 on January 15, 2025.
The All Ordinaries Index represents Australia's 500 largest ASX-listed companies by market capitalization and is considered the benchmark for Australian equity market performance. The inclusion is expected to enhance the company's visibility and trading liquidity by attracting institutional investors, index funds, and ETFs.
Additionally, the company has granted 700,000 stock options to Canadian officers and an Australian consultant, exercisable at C$3.38 for three years, vesting immediately upon grant.
Southern Cross Gold (TSXV:SXGC, ASX:SX2, OTC:MWSNF) ha annunciato la sua prossima inclusione nell'S&P/ASX All Ordinaries Index, a partire dal 24 marzo 2025. Questo traguardo segue la recente quotazione dell'azienda sull'ASX con il ticker SX2, avvenuta il 15 gennaio 2025.
L'All Ordinaries Index rappresenta le 500 aziende australiane quotate sull'ASX con la maggiore capitalizzazione di mercato ed è considerato il benchmark per le performance del mercato azionario australiano. L'inclusione è prevista per aumentare la visibilità dell'azienda e la liquidità degli scambi, attirando investitori istituzionali, fondi indicizzati e ETF.
Inoltre, l'azienda ha concesso 700.000 opzioni su azioni a funzionari canadesi e a un consulente australiano, esercitabili a C$3,38 per tre anni, con maturazione immediata al momento della concessione.
Southern Cross Gold (TSXV:SXGC, ASX:SX2, OTC:MWSNF) ha anunciado su próxima inclusión en el S&P/ASX All Ordinaries Index, efectivo a partir del 24 de marzo de 2025. Este hito sigue a la reciente cotización de la empresa en el ASX bajo el ticker SX2 el 15 de enero de 2025.
El All Ordinaries Index representa las 500 empresas más grandes de Australia que cotizan en el ASX por capitalización de mercado y se considera el indicador de rendimiento del mercado de acciones australiano. Se espera que la inclusión mejore la visibilidad de la empresa y la liquidez comercial al atraer a inversores institucionales, fondos indexados y ETFs.
Además, la empresa ha otorgado 700,000 opciones sobre acciones a funcionarios canadienses y a un consultor australiano, que se pueden ejercer a C$3.38 durante tres años, con adquisición inmediata al momento de la concesión.
Southern Cross Gold (TSXV:SXGC, ASX:SX2, OTC:MWSNF)는 2025년 3월 24일부터 S&P/ASX All Ordinaries Index에 포함될 예정이라고 발표했습니다. 이 이정표는 2025년 1월 15일 ASX에 SX2라는 티커로 상장된 후 이루어진 것입니다.
All Ordinaries Index는 호주 ASX에 상장된 500대 기업을 시가총액 기준으로 나타내며, 호주 주식 시장 성과의 기준으로 간주됩니다. 이번 포함은 기관 투자자, 인덱스 펀드 및 ETF를 유치하여 회사의 가시성과 거래 유동성을 높일 것으로 예상됩니다.
또한, 회사는 캐나다 임원 및 호주 컨설턴트에게 700,000개의 주식 옵션을 부여했으며, 이는 3년 동안 C$3.38에 행사할 수 있고, 부여 즉시 권리가 발생합니다.
Southern Cross Gold (TSXV:SXGC, ASX:SX2, OTC:MWSNF) a annoncé sa prochaine inclusion dans le S&P/ASX All Ordinaries Index, effective à partir du 24 mars 2025. Cette étape fait suite à l'inscription récente de l'entreprise à l'ASX sous le ticker SX2 le 15 janvier 2025.
L'All Ordinaries Index représente les 500 plus grandes entreprises australiennes cotées à l'ASX en termes de capitalisation boursière et est considéré comme la référence de la performance du marché boursier australien. L'inclusion devrait accroître la visibilité de l'entreprise et la liquidité des échanges en attirant des investisseurs institutionnels, des fonds indiciels et des ETF.
De plus, l'entreprise a accordé 700 000 options d'achat d'actions à des dirigeants canadiens et à un consultant australien, exerçables à C$3,38 pendant trois ans, avec acquisition immédiate lors de l'octroi.
Southern Cross Gold (TSXV:SXGC, ASX:SX2, OTC:MWSNF) hat seine bevorstehende Aufnahme in den S&P/ASX All Ordinaries Index bekannt gegeben, die am 24. März 2025 wirksam wird. Dieser Meilenstein folgt auf die kürzliche Notierung des Unternehmens an der ASX unter dem Ticker SX2 am 15. Januar 2025.
Der All Ordinaries Index repräsentiert die 500 größten an der ASX notierten Unternehmen Australiens nach Marktkapitalisierung und gilt als Benchmark für die Leistungsfähigkeit des australischen Aktienmarktes. Die Aufnahme wird voraussichtlich die Sichtbarkeit des Unternehmens und die Handelsliquidität erhöhen, indem institutionelle Investoren, Indexfonds und ETFs angezogen werden.
Darüber hinaus hat das Unternehmen 700.000 Aktienoptionen an kanadische Führungskräfte und einen australischen Berater vergeben, die für drei Jahre zu einem Preis von C$3,38 ausgeübt werden können und sofort bei der Gewährung fällig werden.
- Inclusion in S&P/ASX All Ordinaries Index, potentially increasing institutional investor exposure
- Expected enhancement in stock trading liquidity
- Broader market visibility through index inclusion
- Dilutive effect of 700,000 new stock options grant
VANCOUVER, 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
About Southern Cross Gold Consolidated Ltd.
Southern Cross Gold Consolidated Ltd is now dual listed on the TSXV: SXGC and ASX: SX2
Southern Cross Gold Consolidated Ltd. (TSXV:SXGC)(ASX:SX2) controls the Sunday Creek Gold-Antimony Project located 60 km north of Melbourne, Australia. Sunday Creek has emerged as one of the Western world's most significant gold and antimony discoveries, with exceptional drilling results including 60 intersections exceeding 100 g/t AuEq x m from just 73.3 km of drilling. The mineralization follows a "Golden Ladder" structure over 12 km of strike length, with confirmed continuity from surface to 1,100 m depth.
Sunday Creek's strategic value is enhanced by its dual-metal profile, with antimony contributing
Technical fundamentals further strengthen the investment case, with preliminary metallurgical work showing non-refractory mineralization suitable for conventional processing and gold recoveries of 93
With A
- Ends -
This announcement has been approved for release by the Board of Southern Cross Gold Consolidated Ltd.
For further information, please contact:
Mariana Bermudez - Corporate Secretary (Canada)
mbermudez@chasemgt.com or +1 604 685 9316
Executive Office: 1305 - 1090 West Georgia Street Vancouver, BC, V6E 3V7, Canada
Nicholas Mead - Corporate Development
info@southerncrossgold.com or +61 415 153 122
Justin Mouchacca - Company Secretary (Australia)
jm@southerncrossgold.com.au or +61 3 8630 3321
Subsidiary Office: Level 21, 459 Collins Street, Melbourne, VIC, 3000, Australia
Forward-Looking Statement
This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. All statements other than statements of present or historical fact are forward-looking statements including without limitation applicable court, regulatory authorities and applicable stock exchanges. Forward-looking statements include words or expressions such as "proposed", "will", "subject to", "near future", "in the event", "would", "expect", "prepared to" and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include general business, economic, competitive, political, social uncertainties; the state of capital markets, unforeseen events, developments, or factors causing any of the expectations, assumptions, and other factors ultimately being inaccurate or irrelevant; and other risks described in SXGC's documents filed with Canadian or Australian securities regulatory authorities (under code SX2). You can find further information with respect to these and other risks in filings made by SXGC with the securities regulatory authorities in Canada or Australia (under code SX2), as applicable, and available for SXGC in Canada at www.sedarplus.ca or in Australia at www.asx.com.au under code SX2. Documents are also available at www.southerncrossgold.com We disclaim any obligation to update or revise these forward-looking statements, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Southern Cross Gold Consolidated Ltd.
View the original press release on ACCESS Newswire
FAQ
When will Southern Cross Gold (MWSNF) be added to the S&P/ASX All Ordinaries Index?
What is the exercise price and terms of Southern Cross Gold's (MWSNF) newly granted stock options?
How many companies are included in the S&P/ASX All Ordinaries Index where MWSNF will be listed?
When did Southern Cross Gold (MWSNF) begin trading on the ASX and under what ticker?
