https://www.engineeringnews.co.za

Company Announcement: Capital Raising

12th February 2013

  

Font size: - +

Rox Resources Limited  (0.04 MB)

The directors of Rox Resources Limited are pleased to advise they have agreed to place 90 million shares at $0.055 per share to raise approximately $4.95 million (before costs) to professional and sophisticated clients of Patersons Securities Limited. Paterson’s are acting as sole Lead Manager to the Placement Commenting on the capital raising Managing Director Ian Mulholland said, “We are extremely pleased with the response we have received from existing and new sophisticated investors which has generated $4.95 million in new funds for the Company. The Placement was strongly supported and has exceeded our expectations. This additional funding provides certainty for the immediate future funding of activities at Fisher East and across our portfolio of projects.”

“The capital raising has introduced some significant institutional investors to our share register which is a very pleasing outcome”. “These funds will be principally utilised to carry out an aggressive drilling program at Fisher East, which will include follow up drilling at Camelwood, and several other identified nickel sulphide targets along strike from this prospect.” Rox completed a Share Purchase Plan (SPP) in November 2012 which was well supported by shareholders however the Company can only undertake an SPP once every 12 months.

 

To watch Creamer Media's latest video reports, click here
 

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Trotech
Trotech

Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.

VISIT SHOWROOM 
Monitor Distributors
Monitor Distributors

We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.048 1.093s - 140pq - 2rq
Subscribe Now