Southern Cross Gold Consolidated (ASX:SX2) filed a base shelf prospectus with Canadian regulators for a potential offering of up to CA$700 million of securities from time to time over a 25-month period, according to a Wednesday filing with the Australian bourse.

The prospectus covers the potential sale of common shares, warrants, debt securities, subscription receipts, and units.

The shelf filing allows the company to access capital markets in a timely and cost-effective manner as it navigates a capital-intensive phase of pre-development at its Sunday Creek gold-antimony project in Victoria, Australia.

Shares of Southern Cross Gold were 4% higher in recent Australian trading on Wednesday.