Mawson Gold completed the merger with Southern Cross Gold in a $250m deal.

Mawson Gold, a resource exploration & development company, completed the merger with Southern Cross Gold, a company exploring for epizonal gold in the Victorian goldfields, in a $250m deal. "There has been widespread support both in Australia and overseas for our proposal to simplify SXG's corporate structure and to obtain a dual listing in Canada. The simpler, dual-listed structure will allow us to achieve the following core objectives: access to broader capital markets and institutional/private investors; elimination of a perceived major shareholder overhang; and attract an expected lower cost of equity capital which will allow the Sunday Creek Project to continue its path to development," Tom Eadie, Southern Cross Gold leader of the Independent Board Committee and Non-Executive Chairman.