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ROX RESOURCES LIMITED Capital/Financing Update 2014

Sep 18, 2014

65741_rns_2014-09-18_25596caa-fbc0-4b45-a1e3-70ca2304a77f.pdf

Capital/Financing Update

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ASX/MEDIA RELEASE

19 September 2014

SHARE PLACEMENT

Highlights:

  • Rox successfully raises $4.5M through a Share Placement

  • Strong support from existing and new shareholders

  • Drilling to recommence at the Fisher East nickel sulphide project as soon as possible

The directors of Rox Resources Limited ( ASX: RXL ) (“ Rox ” or “ the Company ”) are pleased to advise the successful completion of a single tranche placement of approximately 104.6 million shares at $0.043 per share to raise $4.5 million (“Share Placement”) before costs. Bell Potter Securities Limited acted as Lead Manager to the Placement.

Commenting on the Share Placement, Managing Director, Mr Ian Mulholland said, “We are extremely pleased with the response we have received from both existing and new investors. The majority of this placement has gone to well-regarded domestic and international investment fund managers, which demonstrates the excellent potential of our projects.

The funds raised will allow us to continue our exploration and development programs, principally at our Fisher East nickel project where we recently announced a 100% resource upgrade. Ongoing work will include follow up drilling to further increase mineral resources at the Musket and Camelwood deposits, and the Cannonball and Cutlass prospects.”

This announcement will end the current trading halt of the Company.

***** ENDS *****

For more information:

Shareholders

Ian Mulholland Managing Director Tel: +61 8 9226 0044 [email protected]

Media

Tony Dawe/Belinda Newman Professional Public Relations Tel: + 61 8 9388 0944 [email protected] [email protected]

Rox Resources Limited ABN 53 107 202 602 Level 1, 30 Richardson Street, West Perth WA 6005 Telephone: +61 8 9226 0044 Facsimile: +61 8 9322 6254 Email: [email protected]

RRL1350D-BD