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ROX RESOURCES LIMITED — Capital/Financing Update 2024
Jun 10, 2024
65741_rns_2024-06-10_aaa2423c-bf0c-42b9-b74c-5a86e7433501.pdf
Capital/Financing Update
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RRL1916D
ASX Announcement
11 June 2024
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ADJUSTMENT TO OPTION EXERCISE PRICE
Rox Resources Limited (ASX: RXL) ( Rox or the Company ) advises that it has options on issue which, under Listing Rule 6.22.2 and their terms, require their exercise price to be adjusted as a consequence of the nonrenounceable pro rata entitlement offer that closed on Monday, 20 May 2024 ( Entitlement Offer ).
Listing Rule 6.22 provides that an option may confer the right to a change to its exercise price if there is a pro rata issue (except a bonus issue). The reduction in exercise price to be applied is outlined in the formula in Listing Rule 6.22.2.
As a result of the Entitlement Offer, applying the formula in Listing Rule 6.22.2 requires a reduction in the exercise price of the options listed in the table below.
In accordance with Listing Rule 3.11.2, effective from 19 June 2024, the exercise price of the options will be adjusted in accordance with their terms and conditions and the Listing Rules as follows:
| Class | Number of Options | Expiry Date | Current Exercise | Adjusted Exercise |
|---|---|---|---|---|
| Price | Price | |||
| RXLAT | 10,476,190 | 26 March 2025 | $0.9880 | $0.9855 |
Authorised to be given to the ASX by the Board of Rox Resources Limited.
***** ENDS *****
For more information:
Rob Ryan Managing Director Rox Resources Limited
Tel: +61 8 9226 0044 E: [email protected]
Nicholas Read Investor Relations Read Corporate
Tel: 0419 929 046
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