Yearly Archives: 2020

Rox’s SPP Over-Subscribed, Raises $4.0 Million

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Rox Resources Limited (ASX: RXL) (“Rox” or the “Company”) is pleased to announce that the Company’s Share Purchase Plan (“SPP”) has closed over-subscribed with valid applications for $5.3 million received, an outstanding result given current market conditions.

The Company has accepted applications of a total of $4 million with SPP applicants being scaled back to this level. As a result, the Company will issue 166,666,667 new shares at $0.024 each.

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New Nickel Targets at Craton Margin

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Highlights:

  • Coincident EM conductors and nickel indicator geochemistry
  • Greenstone discovered parallel to the Yilgarn Craton margin. No previous exploration in this area
  • Sits adjacent to Rox’s nickel rich Mt Fisher belt, and Cullen Resources (ASX: CUL) JV tenure
  • RC Drilling commencing on 15 June 2020

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