Mawson Gold Limited Reports Shareholder Meeting Results and Spinout Update

Mawson Gold Limited, based in Vancouver, announced the results of its recent shareholder meeting. Shareholders approved all resolutions, including a plan of arrangement under the Business Corporations Act (British Columbia). This plan involves distributing shares of SUA Holdings Limited, Mawson’s uranium asset subsidiary, to shareholders, pending court approval.

Additionally, Mawson secured disinterested shareholder approval for a management restructure linked to its acquisition plans for Southern Cross Gold Ltd. Post-acquisition, new directors from SXG will join the board, with Michael Hudson continuing as President & CEO. A share consolidation and name change to Southern Cross Gold Consolidated Ltd. are also planned.

Completion of the arrangement depends on final court and exchange approvals, with expectations set for mid to late December. Further updates will be announced accordingly.