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Posted by
Two Blokes Apr 29 -
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Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - April 28, 2025) - Southern Cross Gold Consolidated Ltd (TSXV: SXGC) (ASX: SX2) (OTC Pink: MWSNF) (FSE: MV3) ("SXGC", "SX2" or the "Company") is pleased to announce it has engaged joint lead managers to undertake a capital raising by way of a placement of securities to institutional, professional, and other investors to raise approximately C$120,000,000. Proposed Placement The Company has appointed Stifel Nicolaus Canada Inc. and Aitken Mount Capital Partners Pty Ltd (ABN 39 169 972 436) as joint lead managers and joint bookrunners ("JLMs"), together with Jett Capital Advisors, as co-manager (collectively with the JLMs, the "Agents"), to raise approximately C$120,000,000 on a "best efforts basis" by way of a private placement ("Placement") of an aggregate of 26,666,667 common shares of the Company (the "Common Shares") at a price of C$4.50 per Common Share and/or Chess Depositary Interests (the "CDIs") at a price of A$5.10 per CDI.
