In the matter of Southern Cross Gold Limited (No 2) [2025] NSWSC 2

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Southern Cross Gold Limited (No 2) [2025] NSWSC 2 Hearing dates: 14 January 2025 Date of orders: 14 January 2025 Decision date: 14 January 2025 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders made approving a scheme of arrangement. Catchwords: CORPORATIONS – Arrangements and reconstructions – Schemes of arrangement or compromise – Application under s 411 of the Corporations Act 2001 (Cth) for orders approving scheme of arrangement – Where formal requirements satisfied – Whether scheme of arrangement should be approved. Legislation Cited: - Corporations Act 2001 (Cth), s 411 - Securities Act 1933 (US) Cases Cited: - Re Amcor Ltd (No 2) [2019] FCA 842 - Re Bionomics Ltd (No 2) [2024] NSWSC 1666 - Re Central Pacific Minerals NL [2002] FCA 239 - Re Coca-Cola Amatil Ltd [2021] NSWSC 489 - Re Ellerston Global Investments Ltd [2020] NSWSC 1108 - Re Equinox Resources Ltd (2004) 49 ACSR 692; [2004] WASC 143 - Re InvoCare Ltd (No 2) [2023] NSWSC 1350 - Re Murchison Metals Ltd [2014] NSWSC 951 - Re Newcrest Mining Ltd (No 2) [2023] FCA 1251 - Re Pendal Group Ltd (No 3) [2023] NSWSC 14 - Re Permanent Trustee Co Ltd (2002) 43 ACSR 601; [2002] NSWSC 1177 - Re Redcape Property Fund Ltd and the Trust Company (RE Services) Ltd (as the responsible entity for the Redcape Property Trust) [2012] NSWSC 486 - Re Seven Network (No 3) (2010) 267 ALR 583; [2010] FCA 400 - Re Simeon Wines Ltd (2002) 42 ACSR 454 - Re Solution 6 Holdings Ltd (2004) 50 ACSR 113; [2004] FCA 1049 - Re Southern Cross Gold Limited [2024] NSWSC 1470 - Re TASK Group Holdings Limited (No 3) [2024] NSWSC 854 - Re Telstra Corporation Ltd (2022) 163 ACSR 543; [2022] NSWSC 1460 - Re Trust Company Ltd [2013] NSWSC 1947 Category: Principal judgment Parties: Southern Cross Gold Limited (Plaintiff) Representation: Counsel: Mr J Lockhart SC/Ms B Ng (Plaintiff) Ms T L Wong SC (Bidder)