Southern Cross Gold Ltd. (AU:SXG) has released an update.
Southern Cross Gold Ltd. has announced a pro-rata non-renounceable entitlement offer to raise approximately $10.23 million by offering new shares at $1.82 each, with a ratio of one new share for every thirty-three held by eligible shareholders. The offer, which is set to occur on April 9, 2024, is fully underwritten, ensuring the company secures the expected funds. Mawson Gold Limited, the largest shareholder, has committed to taking up its full entitlement, which is not expected to significantly alter the company’s control dynamics.
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