Southern Cross Gold Consolidated Ltd Finalizes Acquisition and Board Restructuring

Southern Cross Gold Consolidated Ltd. (SXGC) has completed its acquisition of Southern Cross Gold Ltd. (SXG) through the SXG Scheme, issuing 125,041,031 of its common shares. Shareholders of SXG received these in the form of either SXGC CHESS Depositary Interests (CDIs) on the ASX or SXGC common shares on the TSXV at a 1:1 ratio. The company's shares now include 124,569,123 SXGC CDIs and 97,062,802 SXGC common shares.

Simultaneously, SXGC announced board changes: Bruce Griffin, Noora Ahola, and Philip Williams resigned, with Tom Eadie, David Henstridge, and Georgina Carnegie appointed to the board. Michael Hudson takes on the role of President & CEO, overseeing the Sunday Creek Gold-Antimony Project. His statement highlights the strategic opportunities presented by the dual metal project.