Southern Cross Gold Consolidated announces the Supreme Court of New South Wales' approval of the scheme of arrangement with Southern Cross Gold Ltd. This approval allows Southern Cross Gold Consolidated to acquire the remaining 100% of SXG shares it doesn't already own. The scheme is expected to be legally effective upon lodging of court orders with ASIC, after which SXG shares will be suspended from trading on the ASX.
Southern Cross Gold Consolidated Announces Receipt of Final Australian Court Approval for the SXG Scheme
is pleased to announce that earlier today the Supreme Court of New South Wales approved the scheme of arrangement with Southern Cross Gold Ltd. , pursuant to which the Company will acquire 100% of the shares in SXG it does not already own . SXG intends to lodge the Court's orders approving the Scheme with the Australian Securities and Investments Commission tomorrow. Upon lodgement of orders with ASIC, the Scheme will be legally effective. SXG will also request that quotation of SXG Shares on the ASX be suspended from close of trading tomorrow.
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MERGERS & ACQUISITIONS MINING SOUTHERN CROSS GOLD AUSTRALIA SCHEMES OF ARRANGEMENT
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