Mawson Gold Announces Spin Out of Uranium Assets and Restructuring

Mawson Gold Limited has confirmed details for spinning out its uranium assets and restructuring. Mawson will distribute 100% of its shares in SUA Holdings Limited to shareholders, effective January 10, 2025. This follows approval by the Supreme Court of British Columbia and Mawson's shareholders. SUA will then become a reporting issuer in several Canadian provinces but won't apply for stock exchange listing yet.

In addition, Mawson will consolidate its shares and change its name to Southern Cross Gold Consolidated Ltd., with trading on the TSX Venture Exchange under "SXGC" beginning January 16, 2025. Concurrently, Southern Cross Gold Ltd. received shareholder approval for Mawson to acquire all remaining shares it does not own. Upon its completion, SXG shares will be delisted from the Australian Securities Exchange.