Southern Cross Gold Ltd
Black Oak Minerals Limited (previously Southern Cross Goldfields Limited) wishes to advise that there has been an amendment to the timetable for the change of the Company's trading name on ASX and associated ASX ticker code from SXG to BOK.
Southern Cross Goldfields Limited (ASX:SXG) is very pleased to advise that shareholders approved the name change at the Annual General Meeting held today.
Southern Cross Goldfields Limited (ASX:SXG) is pleased to advise that Mr David Sproule has assumed the position as Managing Director and Chief Executive Officer.
Initiatives and transactions completed in the September Quarter fundamentally reshape Southern Cross Goldfields Limited (ASX:SXG), leaving it in a much stronger financial position with a clear growth path.
Directors of Southern Cross Goldfields Limited (ASX:SXG) are proposing to change the name of the Company to Black Oak Minerals Limited recognising the increased diversity of its project portfolio and following recent organisation restructuring and renewal.
100,000,000 fully paid ordinary shares have been issued to TrailStone UK Limited ("TrailStone") at an issue price of 1 cent per share raising a total of $1 million. Upon the issue of the shares, TrailStone becomes a substantial shareholder of the Company with a holding representing 7.58% of the issued capital.
Southern Cross Goldfields Ltd (ASX:SXG) has received approval from the Western Australian Department of Mines & Petroleum (DMP) to proceed with development of its proposed Marda Gold Project.
The recent acquisition of the Manuka Silver Project (NSW), formerly known as Wonawinta, and introduction of the TrailStone Group as a cornerstone investor and financier, represents a step change in SXG's strategic development and gives the Company a real platform for growth.
Southern Cross Goldfields Ltd (ASX:SXG) has completed the acquisition of the Wonawinta Silver Project - to be renamed the Manuka Silver Project after the pastoral property on which it is situated.
Southern Cross Goldfields Ltd (ASX:SXG) has successfully raised approximately $1.5 million from shareholders through the Company's share purchase plan style entitlement offer, which closed on 10 September.