Southern Cross Gold gets conditional acceptance to list on TSX
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The news: ASX-listed gold and antimony miner Southern Cross Gold Consolidated has received conditional approval to list on the Toronto Stock Exchange (TSX).
It will graduate from its current listing on the emerging company-focused TSX Venture Exchange (TSXV).
The numbers: Shares in Southern Cross Gold closed 2.8% higher at $8 and are up 110.5% over the last 12 months.
The context: Final approval is subject to meeting customary requirements like submitting all required documentation.
When approved, Southern Cross will delist from the TSXV and trade on the TSX under the unchanged symbol SXGC. Shareholders do not need to take any action.
Southern Cross first announced its intention to list on the Canadian stock exchange in March 2024 and said the dual listing was the most efficient means to allow both Australian and North American investors to be exposed to returns.
The source: ASX
