Company Update

Company Update

  • 0
  • February 22, 2017

Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to update its  corporate objectives following completion of the sale of its interest in the Reward Zinc-Lead project.

The proceeds from the sale of Reward total $19,727,273 are comprised as follows:

  • a cash payment of $15,827,273 recently received (refer ASX release 16 February 2017)
  • a $150,000 deposit (previously received); and
  • a deferred cash payment of $3,750,000 (due at the earlier of a Bankable Feasibility Study being completed on the project, or 6 years).

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