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ROX RESOURCES LIMITED — Capital/Financing Update 2022
Mar 2, 2022
65741_rns_2022-03-02_64755f69-3a5d-407f-883c-0d33005dd782.pdf
Capital/Financing Update
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RRL1811D
ASX ANNOUNCEMENT
3 March 2022
$4.0 million Equity Raising Completed
ROX RESOURCES LIMITED ASX: RXL
Rox Resources Limited (ASX: RXL) is an Australian listed Company with advanced gold projects in Western Australia: the Youanmi Gold Project and the Mt Fisher Gold project
West Australian focused gold exploration and development company Rox Resources Limited (”Rox” or “the Company”) (ASX:RXL) is pleased to announce that the placement of $4 million (before costs) has been completed and settled with 10 million new shares issued at an issue price of $0.40 per share.
The new shares have been issued pursuant to the Company's existing placement capacity under Listing Rule 7.1A. The new shares will rank equally with the Company's existing ordinary shares on issue.
DIRECTORS
Authorised for release to the ASX by the Board of Rox Resources Limited.
Mr Stephen Dennis Chairman
ENDS
Mr Alex Passmore Managing Director
Dr John Mair Non-Executive Director
Shares on Issue 168.9m Share Price $0.42 Market Cap. $70.9m Cash $5.6m (as at 31 Dec 2021)
For more information: Alex Passmore Managing Director Tel: +61 8 9226 0044 E: [email protected]
About Rox Resources
Level 2, 87 Colin Street, West Perth WA 6005
+61 8 9226 0044
[email protected] www.roxresources.com.au
Rox Resources (ASX:RXL) is a West Australian focused gold exploration and development company. It is 70 per cent owner and operator of the historic Youanmi Gold Project near Mt Magnet, approximately 480 kilometres northeast of Perth, and wholly-owns the Mt Fisher Gold project approximately 140 kilometres southeast of Wiluna. Youanmi has a Total Mineral Resource of 2,994 koz of contained gold, with potential for further expansion with the integration of existing prospects into the Resource and further drilling. Youanmi was a high-grade gold mine and produced 667,000 oz of gold (at 5.47 g/t Au) before it closed in 1997. Youanmi is classified as a disturbed site and is on existing mining leases which has significant existing infrastructure to support a return to mining operations.
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