Mawson’s Subsidiary Launches A$10M Rights Issue

Mawson Resources (TSE:MAW) has released an update.

Mawson Gold Limited’s subsidiary, Southern Cross Gold Ltd., has launched a non-renounceable Rights Issue to raise A$10.23 million, with the backing of significant industry investors and a commitment from Mawson as a major shareholder to cornerstone the offering. The capital raised will fund the expansion and continued exploration of SXG’s Sunday Creek project. The offer, fully underwritten by Springtide Capital Pty Ltd and Firelight Investments Ltd, allows existing shareholders to purchase new shares at A$1.82 each.

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