Southern Cross Goldfields is reducing the minimum subscription amount in its current share purchase plan style entitlement offer from $5,000 to $1,000, in response to requests from small shareholders wishing to participate. The Board also is extending the offer period by one week to 5:00pm (AEST) on 10t h September 2014, to provide shareholders [...]
Southern Cross Goldfields is launching a share purchase plan style offer to raise funds for project developments, repay debt and to provide existing shareholders with the opportunity to participate in the future growth of the Company.Existing shareholders are invited to subscribe for new shares in the Company at an issue price of 1 cent per share [...]
Southern Cross Goldfields announced in July that the company has secured a A$60 million debt package and a new cornerstone investor to fully fund its existing project pipeline and underpin future growth. The new cornerstone investor is TrailStone Group, a major commodity trading and logistics company with operations in the US, Europe and [...]
The focus of activity for Southern Cross Goldfields during the June Quarter was the negotiation of a landmark A$60 million debt package and the introduction of a new cornerstone investor to fully fund the company's existing project pipeline.As announced on July 8, TrailStone Group, a $1 billion international mining fund and an offshoot of the [...]
Southern Cross Goldfields is pleased to release the attached presentation to investors titled "Debt and Equity package to leave SXG fully funded for development". Below are the highlights from the presentation: - New cornerstone investor, TrailStone Group, backing SXG management team. - A$60M development funding package secured. - A$6 million [...]
Australian mining company, Southern Cross Goldfields, has secured a A$60 million debt package and a new cornerstone investor to fully fund its existing project pipeline, leaving it ideally positioned to seize further expansion opportunities. TrailStone Group, a global commodity trading and logistics company backed with a US$500 million commitment [...]
Southern Cross Goldfields is pleased to announce that it has entered into an agreement to sell certain Mt Holland tenements to Convergent Mineral, (CVG) for A$200,000. SXG remains focused on dealing with non-core assets in a manner that preserves and enhances value, and continues to assess further opportunities within its portfolio. The Company [...]
The Board of Directors of Southern Cross Goldfields is pleased to announce that all outstanding litigation matters that the Company and its subsidiaries are a party to have now been concluded. Polymetals Mining Limited, a wholly owned subsidiary of SXG acquired in the 2013 merger, has been the subject of litigation brought by Peak Gold Mines Pty [...]
Southern Cross Goldfields provides the quarterly report for the period ending 31 March 2014 with the following highlights: Funding - RMB Australia Pty Ltd (RMB) debt facility reduced from $7.0M to $5.0M and extended for 6 months- Substantial progress on financing activity to deliver funding for flagship projects and future growth - Work continues [...]
Southern Cross Goldfields is pleased to announce that its A$7.0M outstanding debt facility with RMB Australia Holdings Ltd, which was due for repayment in March 2014, has been reduced by A$2.0M and extended to September 2014 on the terms summarised below. In order to efficiently conclude the broader funding proposals and various corporate [...]
Southern Cross Goldfields activities during the first half of the 2014 financial year comprised:The merger with Polymetals Mining Limited was completed on 20 August 2013 forming a new gold and base metal company with assets in Western Australia and New South Wales and a pipeline of projects spanning near term production, development, scoping study [...]
Southern Cross Goldfields announce the Quarterly Activities Report to 31 December 2013 with the following highlights. PROJECT DEVELOPMENT Marda Gold Project positioned for development. Feasibility Study review confirms attractive economics: IRR 90% and NPV10 $41M at A$1,350 per oz gold price. Operating costs of A$794 per oz with all in sustaining [...]
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