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Southern Cross Gold (SXGC) announces significant drilling results from its Sunday Creek Gold-Antimony project in Victoria, highlighting remarkable gold intersections at the Christina prospect. The deepest hole, SDDSC150, delivered 1.7m @ 204.1 g/t Au at approximately 450m below surface, located 350m down-dip from previous high-grade drilling.
Key developments include Christina emerging as a fourth major mineralized body alongside Apollo, Rising Sun, and Golden Dyke. The project footprint spans 1,350m strike, with 70 mineralized vein sets identified to date. The company has defined fifty-five >100 g/t AuEq x m intersections.
With A$20M in cash, the company plans a 60km drill program through Q3 2025. Currently, twelve holes are being processed and analyzed, with five holes in progress. The project represents one of the Western world's most significant gold-antimony discoveries, with antimony comprising 20% of in-situ value.
Southern Cross Gold Consolidated (TSXV:SXGC/ASX:SX2) has completed its scheme of arrangement with Southern Cross Gold , acquiring all issued share capital in exchange for 125,041,031 common shares. The implementation resulted in issuing 124,569,123 SXGC CDIs trading on ASX and 471,908 SXGC Common Shares trading on TSXV at a 1:1 exchange ratio.
The company announced board changes with Bruce Griffin, Noora Ahola, and Philip Williams resigning, while Tom Eadie, David Henstridge, and Georgina Carnegie joined as directors. Tom Eadie was appointed Non-Executive Chairman, and Michael Hudson became President & CEO. Nick Demare and Mariana Bermudez continue as CFO and Corporate Secretary respectively.
The company now focuses on the Sunday Creek Gold-Antimony Project, emphasizing its robust treasury and dual-listed structure to advance strategic objectives.
Southern Cross Gold Consolidated (TSXV:SXGC)(ASX:SX2) announces the commencement of its securities trading on the Australian Stock Exchange (ASX) on January 15, 2025, at 3:00 PM AEDT under the ticker 'SX2'. The shares will trade as CHESS Depositary Interests (CDIs) at a 1:1 ratio.
The company is implementing a Scheme of Arrangement to acquire remaining shares of Southern Cross Gold (SXG). Eligible SXG shareholders on the register by January 17, 2025, at 7:00 PM AEDT will receive either one SX2 CDI or one SXGC common share. No funds were raised during this ASX listing.
Normal settlement trading will commence on January 28, 2025. The dual-listing structure aims to enhance market access and trading flexibility across Australian and Canadian markets.
Southern Cross Gold Consolidated (TSXV:SXGC)(ASX:SX2) has received approval from the Supreme Court of New South Wales for its scheme of arrangement to acquire the remaining shares of Southern Cross Gold (SXG). The scheme will become legally effective upon lodgement with ASIC on January 15, 2025, when SXG shares will be suspended from ASX trading.
Key implementation dates include: Southern Cross Gold Consolidated CDIs commencing deferred settlement trading on ASX under code SX2 on January 16, 2025; Scheme Record Date on January 17, 2025; Implementation Date on January 24, 2025; and normal settlement trading beginning January 28, 2025. The company's shares will resume trading on TSXV under the new ticker 'SXGC' on January 15, 2025.
Southern Cross Gold Consolidated (SXGC) has completed several significant corporate actions. The company has finalized the spin-out of its uranium assets to SUA Holdings , with shareholders receiving SUA shares on a pro-rata basis as of January 10, 2025. SXGC also implemented a share consolidation at a ratio of 1:3.169432, reducing outstanding shares from 306,138,320 to 96,590,894.
The company changed its name to Southern Cross Gold Consolidated and will resume trading on TSX Venture Exchange under ticker 'SXGC' on January 15, 2025. Additionally, SXGC will list on the Australian Securities Exchange (ASX) as 'SX2' with trading beginning January 16, 2025.
SXGC is acquiring the remaining 56.4% stake in Southern Cross Gold (SXG) through a scheme of arrangement, expected to complete around January 23, 2025. Upon completion, SXG will become a wholly-owned subsidiary of SXGC.
Southern Cross Gold Consolidated (TSXV:SXGC)(ASX:SX2) has completed several significant corporate restructuring actions. The company has finalized the spin-out of its uranium assets through SUA Holdings , distributing 100% of SUA shares to SXGC shareholders on a pro-rata basis as of January 10, 2025.
The company has also executed a 3.169432:1 share consolidation, reducing outstanding shares from 306,138,320 to 96,590,894. SXGC will begin trading on the TSX Venture Exchange under the new ticker 'SXGC' on January 15, 2025, and will be listed on the ASX with CDIs trading on a deferred settlement basis from January 16, 2025.
Additionally, SXGC is proceeding with the acquisition of the remaining 56.4% stake in Southern Cross Gold (SXG), offering one post-consolidation SXGC share for each SXG share. Upon completion expected around January 23, 2025, SXG will become a wholly-owned subsidiary of SXGC.
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