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Southern Cross Gold Secures C$143M to Fast-Track Sunday Creek Development
3:36am on Monday 2nd of June, 2025 AEST
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Mining
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Southern Cross Gold Secures C$143M to Fast-Track Sunday Creek Development
3:36am on Monday 2nd of June, 2025 AEST
Key Points
Upsized private placement raises C$143 million (AUD$162 million)
Funds allocated to drilling, underground decline, economic assessment, and regional exploration
Strong demand from existing and new institutional investors across Australia, Canada, and overseas
Placement shares issued at a discount to recent trading prices with standard regulatory approvals
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