Southern Cross Gold Ltd. (AU:SXG) has released an update.
Southern Cross Gold Ltd. has initiated the despatch of offer materials for its Non-Renounceable Rights Issue to eligible shareholders, aiming to raise approximately $10.23 million by offering new shares at $1.82 each. Shareholders in specified regions have the opportunity to increase their holdings at a fixed ratio and can apply for additional shares from any potential shortfall until the offer closes on 3 May 2024. The Rights Issue is assured through full underwriting.
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