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SXG southern cross gold ltd

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Ann: SXG Proposed Merger with Mawson Gold and Dual Listing, page-7

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grindstone cowboy

23,768 Posts.

186

11/06/24

10:57

Post #: 74255316
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Originally posted by Budweiser54: ↑

''Smoke and mirrors'' comes to mind cowboy.
What does MAW bring to the table apart from some exploration in Sweden.

Mawson to divest all assets other than its SXG shares and to reduce its number of shares to the
number of shares that it owns in SXG;

Didn't they already distribute these shares to MAW shareholders?

''Mawson will consolidate the number of Mawson Shares on issue (305,045,320) to be
equal to the number of SXG Shares (96,590,910) that it currently owns (subject to rounding). Under the
Transaction Mawson will then offer to purchase SXG Shares on the basis of a 1:1 exchange ratio for new
Mawson Shares, so that current holders of SXG (other than Mawson) will own approximately 50.4% of issued
combined company shares following completion of the Transaction.''

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yes a strange move after floating SXG, a pro rata allocation then a merger to put humpty Dumpty back together again! I'm out!

SXG Price at posting: $2.82 Sentiment: Sell Disclosure: Not Held
2 Upvote

3 Great analysis

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Ann: SXG Proposed Merger with Mawson Gold and Dual Listing, page-7

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