Strategic Review and Capital Raising

Strategic Review and Capital Raising

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  • November 3, 2015

Rox Resources Limited (ASX:RXL “Rox” or “the Company”) wishes to announce that it has conducted a strategic review of its projects and assets.

Following this review, the Company has decided to consider options for commercialising its interest in the Reward Zinc project (which includes the significant Teena discovery). This process may involve a sale to a third party or a spin out into a separate company.

Rox will also undertake a capital raising via a Placement and Entitlements Issue to ensure the Company is sufficiently funded during the period in which the sale of its interest in Reward Zinc is being progressed.

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