SXG Receives FIRB Approval To Acquire Land
Mawson Gold (MWSNF) announces that Southern Cross Gold (SXG) has received FIRB approval to acquire Sparr Nominees Pty through a Share Swap Agreement. The acquisition includes 921.22 hectares of agricultural properties and approximately AUD$18.75 million in cash. The deal involves issuing 22,088,670 SXG shares for 100% of Sparr's shares.
SXG currently owns 133.29 hectares of freehold land at the Sunday Creek Project. This acquisition will increase SXG's total landholding to 1,054.51 hectares. The transaction is expected to complete in the coming days and is considered critical for securing future pathways for the Sunday Creek project, which is developing as a significant gold-antimony discovery.
Mawson Gold (MWSNF) annuncia che Southern Cross Gold (SXG) ha ricevuto l'approvazione FIRB per acquisire Sparr Nominees Pty tramite un Accordo di Scambio Azionario. L'acquisizione comprende 921,22 ettari di proprietà agricole e circa AUD$18,75 milioni in contanti. L'affare prevede l'emissione di 22.088.670 azioni SXG per il 100% delle azioni di Sparr.
Attualmente, SXG possiede 133,29 ettari di terreno libero al progetto Sunday Creek. Questa acquisizione aumenterà il totale delle terre possedute da SXG a 1.054,51 ettari. Si prevede che la transazione si completi nei prossimi giorni ed è considerata cruciale per garantire futuri percorsi per il progetto Sunday Creek, che si sta sviluppando come una significativa scoperta di oro-antimonio.
Mawson Gold (MWSNF) anuncia que Southern Cross Gold (SXG) ha recibido la aprobación FIRB para adquirir Sparr Nominees Pty a través de un Acuerdo de Intercambio de Acciones. La adquisición incluye 921,22 hectáreas de propiedades agrícolas y aproximadamente AUD$18,75 millones en efectivo. El acuerdo implica la emisión de 22.088.670 acciones de SXG por el 100% de las acciones de Sparr.
Actualmente, SXG posee 133,29 hectáreas de terreno libre en el proyecto Sunday Creek. Esta adquisición aumentará la tenencia total de tierras de SXG a 1.054,51 hectáreas. Se espera que la transacción se complete en los próximos días y se considera crucial para asegurar futuros caminos para el proyecto Sunday Creek, que se está desarrollando como un importante descubrimiento de oro-antimonio.
마우슨 골드 (MWSNF)는 서던 크로스 골드 (SXG)가 스파르 노미니즈 Pty를 주식 교환 계약을 통해 인수하기 위한 FIRB 승인을 받았다고 발표했습니다. 인수에는 921.22 헥타르의 농업용 부동산과 약 AUD$18.75 백만의 현금이 포함됩니다. 이번 거래는 스파르의 주식 100%에 대해 22,088,670 SXG 주식을 발행하는 것입니다.
SXG는 현재 선데이 크릭 프로젝트에서 133.29 헥타르의 자유 보유지를 소유하고 있습니다. 이번 인수로 SXG의 총 토지 보유는 1,054.51 헥타르로 증가할 것입니다. 거래는 곧 마무리될 것으로 예상되며, 서던 크릭 프로젝트의 미래 경로 확보를 위한 중요한 거래로 여겨집니다. 이 프로젝트는 중요한 금-안티몬 발견으로 발전하고 있습니다.
Mawson Gold (MWSNF) annonce que Southern Cross Gold (SXG) a reçu l'approbation du FIRB pour acquérir Sparr Nominees Pty par le biais d'un contrat d'échange d'actions. L'acquisition comprend 921,22 hectares de propriétés agricoles et environ AUD$18,75 millions en espèces. L'accord implique l'émission de 22.088.670 actions SXG pour 100% des actions de Sparr.
Actuellement, SXG possède 133,29 hectares de terrain en pleine propriété dans le cadre du projet Sunday Creek. Cette acquisition augmentera la superficie totale détenue par SXG à 1.054,51 hectares. La transaction devrait être finalisée dans les prochains jours et est considérée comme essentielle pour sécuriser les futures perspectives du projet Sunday Creek, qui se développe comme une découverte significative d'or-antimoine.
Mawson Gold (MWSNF) kündigt an, dass Southern Cross Gold (SXG) die FIRB-Zulassung erhalten hat, um Sparr Nominees Pty über eine Aktienabtausch-Vereinbarung zu erwerben. Die Übernahme umfasst 921,22 Hektar landwirtschaftlicher Flächen und etwa AUD$18,75 Millionen in bar. Der Deal beinhaltet die Ausgabe von 22.088.670 SXG-Aktien für 100% der Aktien von Sparr.
Zurzeit besitzt SXG 133,29 Hektar Freiland im Projekt Sunday Creek. Diese Übernahme wird die Gesamtfläche von SXG auf 1.054,51 Hektar erhöhen. Es wird erwartet, dass die Transaktion in den kommenden Tagen abschlossen wird und als entscheidend für die Sicherung zukünftiger Wege für das Projekt Sunday Creek angesehen wird, das sich als bedeutender Gold-Antimon-Fund herausstellt.
- Acquisition includes AUD$18.75 million in cash
- Significant land expansion from 133.29 to 1,054.51 hectares
- Strategic expansion around the Sunday Creek gold-antimony project
- FIRB regulatory approval obtained
- Share dilution through issuance of 22,088,670 new SXG shares
VANCOUVER, BC / ACCESSWIRE / December 16, 2024 / Mawson Gold Limited ("Mawson" or the "Company") (TSXV:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) announces Southern Cross Gold Ltd. ("Southern Cross Gold" or "SXG") has received approval from the Australian Treasurer, through the Foreign Investment Review Board ("FIRB"), to complete an arm's length Share Swap Agreement to acquire all shares in Sparr Nominees Pty Ltd ("Sparr"), as previously announced on October 4, 2024.
Sparr owns substantial agricultural properties totalling 921.22 hectares and holds approximately AUD
SXG currently owns 133.29 hectares of freehold land comprising the key portion of the main drilled area at the Sunday Creek Project. With this acquisition, SXG's total landholding in the area will increase to 1,054.51 hectares (2,605.8 acres).
Michael Hudson, Interim CEO and Chairman of Mawson, commented: " These agreements secure freehold land that directly surrounds the Sunday Creek project together with significant cash. All are critical for securing future pathways for the Sunday Creek project, which is developing into an expanding and significant global gold-antimony discovery. "
About Mawson Gold Limited (TSXV:MAW)(FRANKFURT:MXR)(OTC PINK:MWSNF)
Mawson Gold Limited has distinguished itself as a leading Nordic exploration company. Over the last decades, the team behind Mawson has forged a long and successful record of discovering, financing, and advancing mineral projects in the Nordics and Australia. Mawson holds the Skellefteå North gold discovery and a portfolio of historic uranium resources in Sweden. Mawson also holds
About Southern Cross Gold Ltd (ASX:SXG)
Southern Cross Gold holds the
On behalf of the Board, "Michael Hudson" Michael Hudson, Interim CEO and Executive Chairman | Further Information |
Forward-Looking Statement
This news release contains forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements. Although Mawson believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, Mawson's expectations regarding its ownership interest in Southern Cross Gold, capital and other costs varying significantly from estimates, changes in world metal markets, changes in equity markets, the potential impact of epidemics, pandemics or other public health crises on the Company's business, risks related to negative publicity with respect to the Company or the mining industry in general; exploration potential being conceptual in nature, there being insufficient exploration to define a mineral resource on the Australian-projects owned by SXG, and uncertainty if further exploration will result in the determination of a mineral resource; planned drill programs and results varying from expectations, delays in obtaining results, equipment failure, unexpected geological conditions, local community relations, dealings with non-governmental organizations, delays in operations due to permit grants, environmental and safety risks, and other risks and uncertainties. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Mawson Gold Limited
View the original press release on accesswire.com
FAQ
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