“A dual listing in both Australia and Canada will provide direct exposure to a diverse class of global investors,” managing director Michael Hudson said in a release. “It includes those North American investors who have over the last seven years directly benefited from the huge capital growth that has come from the Victorian goldfields.”
With about 70% of Southern Cross’ shareholders located outside of Australia, the company is betting the dual listing will more efficiently allow Australian and North American investors in on the company’s growth and high-grade gold story. The Sunday Creek project posted hole SDDSC107 which cut 0.7 metre at 3,511 grams gold per tonne from 684.3 metres depth. The hole’s first 30 cm graded 7,330 grams gold.
Southern Cross closed 20% higher on Tuesday in Sydney at A$2.05 apiece ($1.35), valuing the company at A$184.1 million ($121.6m). Sweden-focused Mawson Gold (TSXV: MAW), which owns…
