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Posted by
Two Blokes May 21, 2025 -
Filed in
Stock
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Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - May 20, 2025) - Southern Cross Gold Consolidated Ltd (TSXV: SXGC) (ASX: SX2) (OTC Pink: MWSNF) (FSE: MV3) ("SXGC", "SX2" or the "Company") is pleased to announce that it has closed the third and final tranche (the "Third Tranche") of its previously announced C$143M/A$162M private placement (the "Placement"). Pursuant to the closing of the Third Tranche, the Company issued 5,431,638 common shares (the "Shares" and each common share in the authorized structure of the Company, a "Common Share") of which 5,005,000 are converted to Chess Depositary Interests ("CDIs") each at a price of C$4.50 (A$5.10) for aggregate gross proceeds of C$24,442,371 to the Company.
