Southern Cross Gold Consolidated Announces Major Corporate Changes

Southern Cross Gold Consolidated Ltd (SXGC) has finalized the spin-out of its uranium assets, consolidating shares, and effectuating a name change. This strategic move involved distributing 100% of SUA Holdings Limited shares to its shareholders, making SUA a standalone entity. The company has also consolidated its common shares on a 1-for-3.169432 basis, reducing its total shares and adjusting stock options.

As part of these changes, the company now trades under the new ticker symbol "SXGC" on the TSX Venture Exchange and is set to debut on the Australian Securities Exchange (ASX) on January 15, 2025. With this listing, shares will trade as CHESS Depositary Interests. Additionally, a scheme of arrangement with Southern Cross Gold Ltd (SXG) will result in SXGC acquiring all remaining shares of SXG, turning it into a fully owned subsidiary.

The board will see significant changes, with several members replaced by directors from SXG. These steps are subject to final regulatory approvals.