In the matter of Southern Cross Gold Limited [2024] NSWSC 1470

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Southern Cross Gold Limited [2024] NSWSC 1470 Hearing dates: 12 November 2024 Date of orders: 12 November 2024 Decision date: 19 November 2024 Jurisdiction: Equity - Corporations List Before: Black J Decision: Order convening scheme meeting and associated orders made. Catchwords: CORPORATIONS – Arrangements and reconstructions – Schemes of arrangement or compromise – Application under s 411 of the Corporations Act 2001 (Cth) for orders convening meeting of members to consider and, if thought fit, to agree to proposed scheme of arrangement – Whether requirements to order scheme meeting are satisfied. Legislation Cited: - Corporations Act 2001 (Cth), ss 110D-110E, 260A, 411, 1319 - Securities Act 1933 (US), s 3(a)(10) - Supreme Court (Corporations) Rules 1999 (NSW), rr 2.4, 3.3-4 Cases Cited: - Australian Securities Commission v Marlborough Gold Mines Ltd (1993) 177 CLR 485 - F T Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 - Re Absolute Equity Performance Fund Ltd [2022] FCA 933 - Re A2B Australia Ltd [2024] NSWSC 185 - Re Amcor Ltd [2019] FCA 346 - Re Arthur Yates & Co Ltd (2001) 36 ACSR 758; [2001] NSWSC 40 - Re Asaleo Care Ltd [2021] FCA 406 - Re Aveo Group Ltd and Aveo Funds Management Ltd [2019] NSWSC 1348 - Re Cashcard Australia Ltd (2004) 48 ACSR 738 - Re CSR Ltd (2010) 183 FCR 358; [2010] FCAFC 34 - Re DUET Management Company 1 Ltd [2013] NSWSC 817 - Re Ellerston Global Investments Ltd [2020] NSWSC 879 - Re Foster's Group Ltd (No 2) [2011] VSC 547 - Re Foundation Healthcare Ltd (2002) 42 ACSR 252; [2002] FCA 742 - Re InvoCare Ltd [2023] NSWSC 1180 - Re Isentia Group Ltd [2021] NSWSC 910 - Re Kyckr Ltd [2022] NSWSC 1316 - Re Orion Telecommunications Limited [2007] FCA 1389 - Re Permanent Trustee Co Ltd (2002) 43 ACSR 601 - Re Staging Connections Group Ltd [2015] FCA 1012 - Re Telstra Corporations Ltd (No 2) (2022) 163 ACSR 543 - Re TPG Telecom Ltd [2020] NSWSC 772 - Re Villa World Ltd [2019] NSWSC 1207 - Re Vimy Resources Ltd [2022] WASC 233 - Re Vocus Group Ltd [2021] NSWSC 630 - Re Wridgways Australia Ltd [2010] FCA 1187 Category: Principal judgment Parties: Southern Cross Gold Limited (Plaintiff) Representation: Counsel: Mr J Lockhart SC/Mr T O'Brien (Plaintiff) Mr M Izzo SC/Mr AFP Ryan (Bidder)