Southern Cross Gold to Raise CA$120 Million via Private Placement

MT Newswires Live

2025/04/29

Southern Cross Gold Consolidated (ASX:SX2) is raising CA$120 million through a private placement, according to a Tuesday filing with the Australian bourse.

The company will issue up to 26.7 million common shares priced at CA$4.50 per common share or AU$5.10 per Chess Depositary Interest (CDI).

All securities are subject to a four-month hold period.

Stifel Nicolaus Canada and Aitken Mount Capital Partners are acting as joint lead managers and joint bookrunners, along with Jett Capital Advisors as co-manager, the filing stated.

Proceeds are earmarked for various exploration and drilling programs.

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