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Southern Cross Gold Secures C$143M to Accelerate Sunday Creek Development

3:34am on Monday 2nd of June, 2025 AEST Mining
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Southern Cross Gold Secures C$143M to Accelerate Sunday Creek Development

3:34am on Monday 2nd of June, 2025 AEST
Key Points
  • Raised C$143 million (AUD$162 million) via private placement
  • Placement involves 31.8 million common shares/CDIs at C$4.50/A$5.10 per share
  • Funds allocated for drilling to establish inferred resource by Q1 2027 and decline development
  • Strong demand from existing and new institutional investors across Australia, Canada, and overseas
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