Southern Cross Goldfields - ASX:SXG
SXG Share Purchase Plan - closed oversubscribed
The Board of Southern Cross Goldfields Ltd (SXG) is pleased to announce the successful completion of its Share Purchase Plan (SPP), which has raised A$1.43 million through the issue of 20,428,512 ordinary shares, at an issue price of A$0.07/share.
The SPP was oversubscribed, reflecting strong demand from shareholders. The Board thanks all subscribers for their ongoing support of the Company.
Letters confirming individual allocations will be mailed from Perth on June 2, 2009. Individual subscribers may contact the Company's Share Registry, Computershare, for details of share allocations, on phone 1300 764 223.
SPP funds are earmarked for pre-feasibility studies on early gold production opportunities, and for drill testing priority exploration targets.
About SXG
Southern Cross Goldfields Ltd is a dominant tenement holder (3,500 km²) in the highly mineralised Central Yilgarn Gold and Nickel province in Western Australia.
For news on exploration and production options, visit www.scross.com.au/announcements.php
Latest news
03/06/2009 - Colreavy drilling intersects massive pyrrhotite
28/05/2009 - Oversubscribed SXG SPP closes
27/05/2009 - SXG Successful SPP closes
Contact SXG
Telephone: +61 8 9215 7600
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