Southern Cross Exploration NL (ASX:SXX) announced a private placement of 150,000,000 shares on November 25, 2014. The transaction will include participation from sophisticated and institutional investors. The transaction has been approved by shareholders at its annual general meeting. This approval is valid for a period of three months from the date of the annual general meeting.


On February 25, 2015, Southern Cross Exploration NL (ASX:SXX) cancelled the transaction.