Rox SPP Over-Subscribed

Rox SPP Over-Subscribed

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  • June 9, 2015

Rox Resources Limited (ASX: RXL) (“Rox”) is pleased to announce that the Company’s Share Purchase Plan (“SPP”) has closed over-subscribed with $3.2 million raised, an outstanding result given current market conditions. In addition Rox will complete a top-up Placement of $0.7 million on the same terms as the SPP. The Placement is being managed by Patersons Securities.

The price for the shares to be issued under the SPP and top-up Placement (“New Shares”) has been determined to be $0.0200 per New Share, being a 20% discount to the 5 day volume weighted average price (“VWAP”) immediately prior to the issue of the shares, and accordingly the Company expects to issue about 195,000,000 New Shares for a total raised of approximately $3.9 million.

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