Underwritten Share Purchase Plan

Underwritten Share Purchase Plan

  • 0
  • May 11, 2015

Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to offer eligible shareholders the opportunity to apply for new, fully paid ordinary shares (New Shares)in Rox under a Share Purchase Plan (the Plan) to raise $3 million. The Plan is fully underwritten by Patersons Securities Limited (Patersons) who are acting as Lead Manager and Underwriter to the offer.

The Plan provides the opportunity for shareholders to subscribe for up to $15,000 worth of New Shares without incurring brokerage or other transaction costs.

The issue price will be determined at the issue date of New Shares under the Plan based on a 20% discount to the volume weighted average price of Rox’s shares traded on the ASX during the 5 days immediately prior to the issue date of the New Shares.

Funds raised under the Plan will be used to make the final option payment and secure 100% ownership of the Fisher East Nickel project, and for general working capital.

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