Mawson Resources (TSE:MAW) has released an update.
Mawson Gold Limited has successfully maintained its 50.6% ownership in Southern Cross Gold Ltd. by participating in the latter’s Rights Issue, investing A$5,170,456.20 to acquire additional shares. This strategic move comes as the two-year escrow period on Mawson’s shares from SXG’s IPO is set to expire, and the company is exploring options to enhance shareholder value and facilitate access to SXG shares. Meanwhile, SXG plans to use the Rights Issue proceeds to advance drilling at its Sunday Creek gold-antimony project.
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