Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%
Lithium
44.14
(1.21%)
Gold
2,661.80
(0.01%)
Copper
4.19
1.33%
Oil
69.42
1.85%
Bitcoin
95,920.41
0.07%
FTSE 100
8,362.86
0.6%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,655.13
(0.26%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
(0.14%)
Hang Seng
19,746.32
0.82%

Southern Cross Gold (ASX: $SXG) moves forward with acquisition scheme

Court Approval for Acquisition


Southern Cross Gold (ASX:SXG) has announced that the Supreme Court of New South Wales has approved the convening of a Scheme Meeting and the distribution of a Scheme Booklet. This approval is a significant step in the proposed scheme of arrangement where Mawson Gold Limited will acquire all remaining shares in Southern Cross Gold that it does not already own.

Overview and Future Outlook


Southern Cross Gold (ASX:SXG) has received court approval to proceed with a Scheme Meeting related to Mawson Gold Limited's acquisition of all remaining shares in SXG. The acquisition will result in SXG becoming a wholly owned subsidiary of Mawson, with shareholders receiving Mawson shares or CHESS Depositary Interests on a 1-for-1 basis post-consolidation. The Scheme Booklet, including an independent expert report, will be dispatched in mid-November 2024. Shareholders are encouraged to review the booklet thoroughly and participate in the voting process. This acquisition aims to consolidate ownership and streamline operations under Mawson Gold Limited's management.

Executive Commentary on Scheme Approval


The independent SXG Board Committee unanimously recommends shareholders vote in favor of the Scheme, barring a superior proposal. Excluded Shareholders, including Mawson, will not participate in the vote.

SOUTHERN CROSS GOLD LTD
SXG | ASX | Materials
3.09-0.14(-4.33%)
At close 02/12 (AEDT)
Market cap
$613.2M
Volume
184,970
DY Yield
PE Ratio
52 Week Range
0.875 - 3.92
1YR Return
N / A

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