on Mawson Gold Limited (NASDAQ:MWSNF)
Mawson Gold Announces Strategic Changes and Asset Spin-Out
Mawson Gold Limited has released key updates regarding its strategic reorganization, set to take effect January 10, 2025. The company will proceed with the spin-out of its uranium assets through SUA Holdings Limited, distributing 100% of SUA shares to its shareholders. The move intends to focus Mawson's efforts on its gold assets while positioning SUA for potential future opportunities in uranium.
Post spin-out, Mawson will undergo a share consolidation on a 3.1694-to-1 basis, reducing the number of issued shares significantly. Concurrently, Mawson will rebrand as Southern Cross Gold Consolidated Ltd. and trade under the new ticker "SXGC" starting January 15, 2025.
The company will also finalize its Scheme of Arrangement with Southern Cross Gold Ltd (SXG), acquiring 100% control of SXG. This will make SXG a wholly-owned subsidiary and support a dual-listing on the ASX under ticker "SX2".
R. P.
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