News: SXG Southern Cross Gold Announces Proposed Merger With Mawson Gold And Dual Listing

June 11 (Reuters) - Southern Cross Gold Ltd (SXG) :

• SXG PROPOSED MERGER WITH MAWSON GOLD AND DUAL LISTING
• SIGNED A NON-BINDING TERM SHEET WITH MAWSON GOLD OF CANADA
• RESULTING ENTITY FROM MERGER WILL BE LISTED ON BOTH AUSTRALIAN SECURITIES EXCHANGE (ASX) AND TSX VENTURE EXCHANGE
• TERM SHEET TO MERGE COS THROUGH AN AUSTRALIAN SCHEME OF ARRANGEMENT TRANSACTION
• IN AGREEMENT, MAWSON TO PURCHASE ALL SXG SHARES THAT IT DOES NOT OWN BY WAY OF A SCHEME OF ARRANGEMENT ON A 1 FOR 1 BASIS

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