- Mawson Gold (OTCPK:MWSNF) said it has entered into a non-binding term sheet with Southern Cross Gold (SXG) regarding the acquisition of SXG by Mawson.
- The company is expected to acquire all the shares of SXG that Mawson does not already own and change its name to Southern Cross Gold Ltd. ((New Southern Cross)).
- Mawson added, the New Southern Cross will maintain its listing on the TSXV and will also look for a dual listing on the Australian Securities Exchange.
- The current Australian board and management team of SXG is expected to lead and manage New Southern Cross; and SXG will delist from ASX concurrently with the closing of the deal.
More on Mawson Gold Limited
#Mawson #Gold #merge #Southern #Cross #Gold #Pink #Current #InfoMWSNF