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ROX RESOURCES LIMITED — Capital/Financing Update 2016
Aug 22, 2016
65741_rns_2016-08-22_6715adbe-c4ee-4533-a346-fc47f2fb0806.pdf
Capital/Financing Update
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ASX/MEDIA RELEASE
23 August 2016
On 17 August 2016 Rox Resources Limited ( ASX:RXL ) (“ Rox ” or “ the Company ”) advised that it had accepted an offer from Marindi Metals Limited (“Marindi”) for the Company’s interest in the Reward zinc-lead project.
Under the Earn-in and Joint Venture Agreement (“JVA”) between Rox and Teck Australia Pty Ltd (“Teck”) Rox is obliged to offer to sell its interest in the Reward Project to Teck on the same terms and conditions as any offer Rox intends to accept. Teck has been provided with such an offer (“Offer”).
Teck has written to Rox setting out some concerns with respect to the Offer and its compliance with the JVA and in doing so has reserved its rights under the JVA. At Teck's invitation, Rox has entered into discussions with Teck to clarify these matters.
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For more information:
Shareholders
Ian Mulholland Managing Director Tel: +61 8 9226 0044 [email protected]
Media
Tony Dawe Professional Public Relations Tel: +61 8 9388 0944 [email protected]
Rox Resources Limited ABN 53 107 202 602
RRL1483D-BD
Level 1, 34 Colin Street, West Perth WA 6005 Telephone: +61 8 9226 0044 Facsimile: +61 8 9322 6254 Email: [email protected]