Mawson Announces Signing of Scheme Implementation Agreement With Southern Cross Gold
Mawson Announces Signing of Scheme Implementation Agreement With Southern Cross Gold
VANCOUVER, BC / ACCESSWIRE / July 30, 2024 / Mawson Gold Limited ("Mawson" or the "Company") (TSXV:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce that further to its news release of June 10, 2024, Mawson has entered into a definitive binding scheme implementation agreement ("SIA") with Southern Cross Gold Ltd ("SXG") (ASX:SXG) dated July 30, 2024. Pursuant to the SIA, Mawson proposes to acquire all of the ordinary shares of SXG (the "SXG Shares") Mawson does not already own by way of a scheme of arrangement under the laws of Australia (the "Arrangement"). Mawson currently owns 96,590,910 or 48.85% of the issued SXG Shares. Following completion of the Arrangement, SXG will become a wholly owned subsidiary of Mawson.
溫哥華,BC / ACCESSWIRE /2024年7月30日/ - Mawson Gold Limited(「Mawson」或「公司」)(TSXV:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF)很高興宣佈,根據2024年6月10日的新聞發佈,Mawson已於2024年7月30日與Southern Cross Gold Ltd(「SXG」)(ASX:SXG)簽署了明確的有約束力的方案實施協議(「SIA」)。根據SIA,Mawson擬通過澳大利亞法律下的安排方式(「安排」)收購SXG(普通股「SXG股票」)的所有普通股票。目前,Mawson已擁有96,590,910股SXG流通股的48.85%。在安排完成後,SXG將成爲Mawson的全資子公司。
Under the terms of the SIA and prior to the effective date of the Arrangement:
根據SIA的規定,在安排的生效日期之前:
Mawson intends to affect a share consolidation of its common shares (the "Mawson Shares") at a ratio of approximately 3.1581:1, resulting in the number of outstanding Mawson Shares being equal to the number of SXG Shares currently held by Mawson (the "Consolidation");
Subject to Mawson shareholder approval, Mawson intends to spin-off its Swedish uranium assets and C$600,000 of cash into a newly formed subsidiary company ("Spino") in consideration of common shares of Spinco and distribute those Spinco shares to the Mawson shareholders as a return of capital (the "Spin-out") pursuant to the Business Corporations Act (British Columbia). The Spin-out is also expected to be subject to certain conditions customary for this type of transaction including, but not limited to, regulatory and court approvals in British Columbia;
Mawson will seek to dual list on the on the Australian Securities Exchange ("ASX") through the admission to quotation of the CHESS Depositary Interests "CDIs" (which will be subject to the ASX listing and admission process);
It is expected Mawson will change its name to Southern Cross Gold Consolidated Ltd.; and
Mawson will seek disinterested shareholder approval for, among other matters, to replace the current Mawson board of directors with each of Messrs. Tom Eadie and David Henstridge and Ms. Georgina Carnegie, each a current director of SXG. Michael Hudson, the Managing Director of SXG, will remain on the Mawson board. It is proposed that Mr. Eadie will serve as the Company's Non-Executive Chairman and Mr. Michael Hudson will serve as President & CEO of the Company.
Mawson打算按照大約3.1581:1的比例對其普通股(「Mawson股票」)進行股份合併, 導致流通Mawson股票數目等於Mawson已持有的SXG股票數目(「合併」);
在獲得Mawson股東的批准後,據商業公司法(卑詩省)的規定,Mawson打算將其瑞典鈾資產和C $ 600,000的現金剝離並注入到新成立的子公司(「Spino」)中,以普通股的形式分配這些Spinco股票給Mawson股東作爲資本回報(「Spin-out」)。Spin-out還預計將受到此類交易的慣例條件的約束,包括但不限於卑詩省的監管和法庭批准;
Mawson將尋求通過CHESS存放證券「CDI」(將受到ASX上市和承認程序的約束)在澳大利亞證券交易所(「ASX」)上進行雙重上市;
預計Mawson將更名爲Southern Cross Gold Consolidated Ltd.;
Mawson將尋求無私利益的股東批准,以取代現任的Mawson董事會成員,任命Messrs。Tom Eadie和David Henstridge和Ms。Georgina Carnegie,分別爲SXG的現任董事。 SXG的管理總監Michael Hudson將留任Mawson董事會。 Mr.Eadie擬任公司的非執行主席,而Mr.Michael Hudson將擔任公司總裁兼首席執行官。
Pursuant to the Arrangement, Mawson will acquire the SXG Shares in consideration of 1 Mawson Share (post Consolidation) for each 1 SXG Share (the "Exchange Ratio").
根據安排,Mawson將通過以每1個SXG股票(「交換比率」)換髮1個Mawson股票(合併後)的方式收購SXG股票。
The Arrangement, aimed at consolidating ownership and establishing a single dual-listed company to hold the Sunday Creek Project, has been chosen for its expected operational and corporate efficiency and the benefits it offers to all shareholders of both SXG and Mawson (refer to Mawson's June 10, 2024 news release for further details on the intended benefits).
該安排旨在合併所有權並建立一個單一的雙重上市公司以持有Sunday Creek項目,並因其預期的運營和公司效率而被選定,併爲SXG和Mawson的所有股東提供益處(有關預期益處的進一步詳情,請參閱Mawson的2024年6月10日新聞發佈)。
Mawson believes that the immediate benefits to its shareholders include:
Mawson認爲,其股東的直接利益包括:
Simplification of Structure: Mawson anticipates immediate benefits for its shareholders through a more transparent and institutional-investible structure. The Company believes this will lead to a potential revaluation of the asset, reducing the cost of capital to advance the Sunday Creek Project to become one of the highest margin gold assets globally.
Direct Exposure to Sunday Creek: The Australian Arrangement and the listing of Southern Cross Gold Consolidated Ltd's shares on both the ASX and TSXV offers new and existing shareholders of Southern Cross Gold Consolidated Ltd direct exposure to the globally leading Sunday Creek Project. The North American market has greatly benefited from the wealth generated from the rebirth of the Victorian goldfields in Australia over the last 8 years.
Institutional Support: The Australian Arrangement will transition the combined entity's shareholder base to a more institutionally dominated and supportive register. SXG brings both a high-quality register with a significant overlap of current Mawson shareholders and access to further high quality global and supportive Australian and European institutional shareholders.
Cost Reduction and Share Fungibility: Consolidating separate companies will lead to cost savings, while allowing for the fungibility of shares between the North American and Australian stock exchanges, benefiting all shareholders.
Management and Board Continuity: Southern Cross Gold Consolidated Ltd is expected to be led by the current successful Australian management team and Board of SXG, ensuring continuity and leveraging their expertise. It is anticipated that Southern Cross Gold Consolidated Ltd will be led by Mr. Tom Eadie as Non-Executive Chairman and Mr. Michael Hudson as President & CEO.
結構簡化:Mawson預計股東將通過更透明和機構化的結構獲得直接利益。該公司認爲,這將導致資產的潛在重新估值,從而降低推動Sunday Creek項目成爲全球最高利潤的金礦之一的資本成本。
對Sunday Creek的直接認購:澳大利亞安排以及Southern Cross Gold Consolidated Ltd股票在ASX和TSXV上市,爲Southern Cross Gold Consolidated Ltd的新老股東提供了直接認購全球領先的Sunday Creek項目的機會。過去8年中,維多利亞州金礦的復甦爲北美市場帶來了巨大的財富。
機構支持:澳大利亞的安排將將合併實體的股東基礎轉變爲更具機構色彩的支持性股東。 SXG帶來了高質量的股東名冊,其中有重疊的現有Mawson股東,並獲得了進一步高質量的全球和支持性澳大利亞和歐洲機構股東的機會。
減少成本和股份可替代性:合併分開的公司將實現成本節約,同時允許在北美和澳大利亞股票交易所之間流通股票,使所有股東受益。
管理和董事會連續性:Southern Cross Gold Consolidated Ltd預計由成功的現任澳大利亞管理團隊和SXG董事會領導,並確保連續性和發揮其專業知識。預計Mr.Tom Eadie將擔任公司的非執行主席,而Mr.Michael Hudson將擔任公司總裁兼首席執行官。
The Arrangement is subject to a range of conditions, including, but not limited to, approval by SXG shareholders, approval by the Mawson shareholders of the Spinout and Mawson board changes, Australian court approval and Australian and Canadian regulatory approvals, including the approval of the TSXV, the ASX and the Australian Securities and Investments Commission. The SIA contains terms and conditions, including representations and warranties, restrictive covenants and board support customary for transactions of this nature. The SIA also contains customary non-solicitation covenants and fiduciary-out provisions for both Mawson and SXG and provides both Mawson and SXG with a 5-business day right to match in the event that the other party receives a superior proposal. Under certain circumstances where the Arrangement is not completed, including due to Mawson accepting a superior proposal, Mawson is required to pay SXG a termination fee of A$2,000,000. Under certain circumstances where the Arrangement is not completed, including due to SXG accepting a superior proposal, SXG is required to pay Mawson a termination fee of A$1,000,000.
本協議受到一系列條件的約束,包括但不限於SXG股東的批准,Mawson股東的Spinout和Mawson董事會變更的批准,澳大利亞法院批准以及澳大利亞和加拿大監管機構的批准,其中包括TSXV,ASX和澳大利亞證券和投資委員會的批准。 SIA包含此類交易所需的條款和條件,包括代表和擔保,限制性契約以及對於此類交易慣例的董事會支持。 SIA還包括定製的未就業協議和受託人協議,爲Mawson和SXG提供5個工作日的權利來匹配對方接受更好的提議。在不完成安排的情況下,包括由於Mawson接受更好的提議,Mawson需要向SXG支付200萬澳元的終止費。在某些情況下,包括由於SXG接受更好的提議,SXG需要向Mawson支付100萬澳元的終止費。
Each of Mawson and SXG have formed special committees of independent directors to negotiate the terms of the Arrangement and the SIA and make recommendations to their respective boards. Having received the positive recommendation of the Mawson special committee, and having considered the Arrangement and its intended benefits, and the terms and conditions of the SIA, among other matters, the Mawson board of directors unanimously approved the Arrangement and Mawson entering into the SIA. Given Michael Hudson's positions in both Mawson and SXG, he recused himself from all Mawson board meetings relating to the Arrangement and SIA.
Mawson和SXG各自成立了獨立董事特別委員會,以談判安排和SIA的條款並向其各自董事會提出建議。在收到Mawson特別委員會的肯定建議,並考慮到安排及其預期的益處,以及SIA的條款和條件等事項後,Mawson董事會一致批准該安排並決定進入SIA。考慮到Michael Hudson在Mawson和SXG兩個公司的職位,他退出了所有與安排和SIA相關的Mawson董事會會議。
Closing of the Arrangement is expected to complete in late October 2024.
預計安排的完成日期爲2024年10月下旬。
Further details of the Arrangement and the shareholders meetings to be held by each of SXG and Mawson will be provided in the coming weeks. A copy of the SIA will be filed with the Canadian securities regulators and will be available on SEDAR+ at under Mawson's profile.
將在未來幾周內提供有關安排和SXG和Mawson各自召開的股東大會的進一步細節。 SIA的副本將在加拿大證券監管機構處備案,並可在SEDAR +下Mawson的簡介中查詢。
None of the securities to be issued pursuant to the Arrangement have been, or will be registered under the United State Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable securities law of any state of the United States and may not be offered or sold in the United States or to, or for the account or benefit of a U.S. person, absent such registration or an exemption therefrom. It is anticipated that any securities to be issued under the Arrangement will be offered and issued in reliance upon the exemption from such registration requirements provided by Section 3(a)(10) of the U.S. Securities Act and pursuant to applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. "United States" and "U.S. person" are as defined in Regulation S under the U.S. Securities Act.
根據本安排所發行的任何證券均未在美國《證券法》(經修訂後)或任何美國州的適用證券法下進行或將進行登記,並且未得到或未能獲得註冊或豁免,因此不得在美國境內或向美國人或爲之買賣的人提供或銷售。預計使用《美國證券法》第3(a)(10)條和適用的州證券法規定的豁免規定依賴於提供或發行的任何證券方案將發行的證券。本新聞稿不構成任何證券出售或購買的要約。在此,"美國"和"美國人"的定義如《美國證券法》下的Regulation S中定義。
About Mawson Gold Ltd
Mawson Gold Limited has distinguished itself as a leading Nordic exploration company. Over the last decades, the team behind Mawson has forged a long and successful record of discovering, financing, and advancing mineral projects in the Nordics and Australia. Mawson holds the Skellefteå North gold discovery and a portfolio of historic uranium resources in Sweden. In May 2022, Mawson spun-off its Australian assets via an IPO of SXG onto the ASX. Mawson currently holds 48.85% (96,590,910) of SXG's Shares (197,746,604) on issue.
關於Mawson Gold Ltd
Mawson Gold Limited已成爲領先的挪威勘探公司。在過去幾十年中,Mawson團隊成功地發現、融資和推進了挪威和澳洲的礦產項目。Mawson掌握Skelleftea North金礦發現和瑞典歷史悠久的鈾資源組合。2022年5月,Mawson通過ASX股票公開發行IPO將其澳大利亞資產剝離爲SXG。目前,Mawson持有SXG已發行股份中的48.85%(96,590,910),SXG共有197,746,604股。
About Southern Cross Gold Ltd
SXG holds the 100%-owned Sunday Creek project in Victoria and Mt Isa project in Queensland, the Redcastle joint venture in Victoria, Australia, and a strategic 6.7% holding in ASX-listed Nagambie Resources Limited (ASX:NAG) which grants SXG a Right of First Refusal over a 3large tenement package held by NAG in Victoria.
關於Southern Cross Gold Ltd
SXG持有維多利亞州的Sunday Creek項目和昆士蘭州的Mt Isa項目,維多利亞州的Redcastle聯營企業以及在ASX上市的Nagambie Resources Limited (ASX:NAG)的戰略持股6.7%,這使SXG可以優先選擇NAG在維多利亞州持有的3大特許權。
Further Information
Further discussion and analysis of the Sunday Creek project is available through the interactive Vrify 3D animations, presentations and videos all available at .
進一步信息
更多關於Sunday Creek項目的討論和分析,請在可交互的Vrify 3D動畫、演示內容和視頻中瀏覽。
On behalf of the Board, "Bruce Griffin" Bruce Griffin, Member of the Special Committee and Independent Director |
Further Information |
代表董事會, "Bruce Griffin" 特別委員會成員及獨立董事Bruce Griffin |
進一步信息 |
Forward-Looking Statement
This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. All statements other than statements of present or historical fact are forward-looking statements, including statements that the Arrangement, including the proposed Consolidation, proposed listing of Mawson's shares on the ASX and Spin-out of Mawson's uranium assets, will be consummated on the terms and timeline provided herein or at all, the benefits of the Arrangement to Mawson and SXG and the receipt of all required approvals including without limitation by shareholders and applicable court, regulatory authorities and applicable stock exchanges. Forward-looking statements include words or expressions such as "proposed", "will", "subject to", "near future", "in the event", "would", "expect", "prepared to" and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include general business, economic, competitive, political, anticipated Swedish legislative changes on the current ban on uranium mining and social uncertainties; the state of capital markets; the impact on the respective businesses, operations and financial condition of Mawson and SXG resulting from the announcement of the Arrangement and/or the failure to fulfil the terms of the SIA, or to complete the Arrangement on terms described or at all, delay or failure to receive board, shareholder regulatory or court approvals, where applicable, or any other conditions precedent to the completion of the SIA, unforeseen challenges in integrating the businesses of Mawson and SXG, failure to realize the anticipated benefits of the Arrangement or Spin-out of the uranium assets, other unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant; and other risks described in Mawson's and SXG's documents filed with Canadian or Australian securities regulatory authorities. You can find further information with respect to these and other risks in filings made by Mawson or SXG with the securities regulatory authorities in Canada or Australia, as applicable, and available in Canada at . Mawson's documents are also available at We disclaim any obligation to update or revise these forward-looking statements, except as required by applicable law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
前瞻性聲明
本新聞發佈包含前瞻性聲明。前瞻性聲明涉及已知和未知的風險、不確定性和假設,因此,實際結果和未來事件可能與這些聲明中所表達或暗示的結果和事件有實質性差異。因此,您應該謹慎,不要過度依賴前瞻性聲明。除現有或歷史事實陳述外,所有其他陳述均爲前瞻性聲明,包括有關本安排(包括擬議的整合,Mawson股票擬於ASX上市和Mawson鈾資產的分立計劃)將按照此處或適用的時間表達成或者不會達成,安排對Mawson和SXG的益處以及獲得所有必需的批准(包括但不限於股東和適用法院、監管機構和適用證券交易所)的陳述。前瞻性聲明包括「擬議的」、「將」、「受」、「近期」、「在事件發生時」、「將會」、「預計」、「準備」等類似的詞語或表達。導致未來結果或事件與前瞻性聲明所表達或暗示的目前期望存在實質性差異的因素包括通用業務、經濟、競爭、政治或在瑞典核能開採禁令立法變更預期和社會不確定性;資本市場的狀態;Mawson和SXG因此安排公告和(或)無法履行SIA條款或者完全達成安排、延遲或無法獲得適用的董事會、股東、監管機構或法院批准或者任何SIA完成的先決條件、Mawson和SXG業務、運營和財務狀況產生的影響;Mawson和SXG合併業務時遇到的未預見的挑戰、無法實現安排或鈾資產分立所預計的益處、其他未預見的事件、發展或因素,導致上述預期、假設和其他最終證明不準確或不相關的因素;以及在Mawson或SXG在加拿大或澳大利亞證券監管機構提交的文件中描述的其他風險。您可以在加拿大或澳大利亞的證券監管機構所提供的文件中了解有關此等風險及其他風險的進一步信息。這些文件可在加拿大找到。Mawson的文件也可以在以下網站上獲得。我們聲明除適用法律規定外,不承擔更新或修訂這些前瞻性聲明的義務。TSX Venture Exchange及其監管服務提供者(如TSX Venture Exchange的政策所定義的那樣)不承擔對本新聞發佈的充分性或準確性的責任。
SOURCE: Mawson Gold Limited
來源:Mawson Gold Limited