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Stock impact report

Mawson's Subsidiary SXG Announces Intention to Dual List in Canada [Yahoo! Finance]

ASX LTD UNSP/ADR (ASXFY) 
NASDAQ:AMEX Investor Relations: asx.com.au/about/investor-relations.htm
Company Research Source: Yahoo! Finance
Mawson's 51% owned subsidiary, Southern Cross Gold Ltd. ("Southern Cross Gold" or "SXG") has stated that it intends to dual list on a Canadian stock exchange. SXG was listed via an initial public offering on the Australian Securities Exchange ("ASX") on May 16, 2022 via a spin out of Australian assets from Mawson. As of March 12, 2024, SXG has 184,040,623 issued and outstanding shares of which Mawson owns 93,750,000 shares or 51% of SXG (the "SXG Shares"). Mawson has announced its intention to in-specie distribute the SXG shares to individual Mawson shareholders after an ASX vendor escrow ends on May 16, 2024, subject to the receipt of all necessary approvals, including regulatory, court and Mawson shareholder approvals. SXG plans to coincide the dual listing with the in-specie distribution of SXG Shares by Mawson. The planned distribution of SXG Shares to Mawson shareholders will be greatly facilitated by a Canadian dual listing. The distribution will not result in a change in the Show less Read more
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