VANCOUVER, BC / ACCESSWIRE / June 10, 2024 / Mawson Gold Limited ('Mawson' or the 'Company') (TSXV:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce that it has entered into a non-binding term
VANCOUVER, BC / ACCESSWIRE / June 10, 2024 / Mawson Gold Limited is pleased to announce that it has entered into a non-binding term sheet with Southern Cross Gold Limited dated June 11, 2024 , contemplating the acquisition of SXG by Mawson through an Australian scheme of arrangement transaction . Pursuant to the NBTS, Mawson is expected to acquire all the ordinary shares of SXG that Mawson does not already own and change its name to Southern Cross Gold Ltd .
"Now with the NBTS signed, we can move forward with a tax-effective and clear plan that is in the best interests of all shareholders. The Special Committees have taken logical and clear steps for a mutually beneficial transaction aimed at reducing the cost of capital for future development of the globally significant Sunday Creek Project.
The issued capital of New Southern Cross at the completion of the Australian Arrangement will be approximately 194.9 million shares, mirroring the same capital structure of SXG as at today's date. During March 2023, Euro Canna, acquired six exploration licenses: Björklund nr 1 & 2, Björkråmyran nr 3, Kvarnån nr 5, Nöjdfjället nr 1, and Skuppesavon nr 2 for 16,138 hectares. All these exploration licenses are granted and are located through central and northern Sweden to explore for zirconium, scandium, yttrium and lanthanum and other lanthanides .
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