The Board of Mawson Gold Limited (TSX:MAW) announced the spin-off of Southern Cross Gold Ltd (ASX:SXG) on October 31, 2023. As per the transaction, Mawson Gold Limited will distribute all of the 93.75 million Southern Cross Gold Ltd shares representing 51% stake. As of March 12, 2024, SXG Announces Intention to Dual List in Canada.

The transaction is subject to approval by shareholders of Mawson Gold Limited, regulatory and court approvals.