Capital Raising

Capital Raising

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  • March 18, 2014

The directors of Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) are pleased to advise that the Company has agreed to place approximately 73.3 million shares at $0.045 per share to raise approximately $3.3 million (“Share Placement”) before costs.

Under the terms of the Share Placement, 1 free attaching option is exercisable at $0.08 each (expiring on 31 March 2017) for every 8 shares allotted in the placement.

Commenting on the capital raising Managing Director Ian Mulholland said, “We are extremely pleased with the response we have received from International and Australian-based institutions and sophisticated investors who have participated in this share placement. These investors represent a combination of existing and new shareholders which is a very pleasing outcome for Rox.”