Southern Cross Gold Ltd Completes Scheme of Arrangement with SXGC.

Southern Cross Gold Ltd (ASX: SXG) has successfully implemented its scheme of arrangement with Southern Cross Gold Consolidated Ltd, as announced earlier. Under this arrangement, SXGC has acquired 100% ownership of SXG shares it did not already hold. As part of the scheme consideration, SXG shareholders have received either one new SX2 CHESS Depository Interest (CDI) or one common share of SXGC for every SXG share held on the Scheme Record Date, January 17, 2025.

Following this development, SXG has become a wholly owned subsidiary of SXGC. Trading in SXG shares on the ASX ceased on January 15, 2025, and the company will apply for its removal from the ASX Official List, effective January 28, 2025. This milestone marks a significant step in SXGC's expansion and strategic consolidation within the resource sector.

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