Mawson Gold Ltd. announces that further to its news release of April 4, 2024, the Company has fully exercised its participation rights in the previously announced rights issue by
Southern Cross Gold Ltd. with the aim of maintaining the Company's ownership interest of 50.6% in SXG. The Rights Issue closed on May 9, 2024. Prior to the Rights Issue, Mawson held 93,750,000 SXG shares which were placed into a 2-year escrow in connection with SXG's IPO in May 2022, pursuant to the rules of the Australian Securities Exchange . The 2-year ASX escrow expires on May 16, 2024. Pursuant to the Rights Issue, Mawson acquired 2,840,910 SXG shares at A$1.82 per SXG share for a total subscription of A$5,170,456.20. As at today's date, Mawson holds 96,590,910 SXG shares or 50.6% o...