Southern Cross Gold Consolidated Ltd. is pleased to announce that it has closed the first tranche of its previously announced C$143M/A$162M private placement . Pursuant to the closing of the First Tranche, the Company has issued 19,733,160 common shares of which 16,171,050 are converted to Chess Depositary Interests each at a price of C$4.50 for aggregate gross process of C$88,799,220 to the Company. Each CDI represents
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