Southern Cross Exploration N L was incorporated in 1970 and listed on the Sydney Stock Exchange in that year. It is a public company quoted on the Australian Securities Exchange (ASX). Southern Cross had two categories of shares - fully paid (ASX code SXX), and partly paid (ASX code SXXCA)
on which two cents remained unpaid.
In March 2010, a call of two cents on 60,000,000 partly paid shares was payable. The Company will have 116,000,000 shares on issue when all shares will become fully paid.
The Company has about 900 shareholders and is about 98% Australian-owned. Exploration for oil and gas, gold and other metals and minerals has been its principal activity over many years. The Company also invested in property, loans, shares and other securities. In recent years, the Company has sought to obtain overseas exploration projects with early development potential.
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