Southern Cross Gold Ltd (ASX:SXG) Completes Scheme of Arrangement
Scheme Implementation
Southern Cross Gold Ltd (ASX:SXG) confirms the successful implementation of a scheme of arrangement with Southern Cross Gold Consolidated Ltd. (TSXV:SXGC). This transaction involves SXGC acquiring 100% of the shares in SXG not previously owned by them. Following this completion, SXG is now a wholly-owned subsidiary of SXGC.
Shareholder Consideration
As part of the scheme, SXG shareholders have received one new SX2 CHESS Depository Interest (CDI) for each SXG share held as of the record date, 17 January 2025. Shareholders who opted for SXGC shares instead of CDIs have also been accommodated.
Delisting Plans
Trading of SXG shares on the ASX was suspended on 15 January 2025. The company intends to apply for the termination of the quotation of SXG shares and its removal from the ASX Official List effective 28 January 2025.
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