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Rox Resources Limited (ASX:RXL 'Rox' or 'the Company') wishes to announce that it has conducted a strategic review of its projects and assets.
Following this review, the Company has decided to consider options for commercialising its interest in the Reward Zinc project (which includes the significant Teena discovery). This process may involve a sale to a third party or a spin out into a separate company.
Rox will also undertake a capital raising via a Placement and Entitlements Issue to ensure the Company is sufficiently funded during the period in which the sale of its interest in Reward Zinc is being progressed.
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Rox Resources Ltd
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EXPLORATION STAGE |
CODE : RXL.AX |
ISIN : AU000000RXL6 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Rox Res. is a silver exploration company based in Australia. Rox Res. holds various exploration projects in Australia and in Laos. Its main exploration properties are REWARD TENEMENT and MYRTLE in Australia and PHA LUANG in Laos. Rox Res. is listed in Australia and in United States of America. Its market capitalisation is AU$ 154.5 millions as of today (US$ 104.3 millions, € 95.4 millions). Its stock quote reached its lowest recent point on April 05, 2019 at AU$ 0.01, and its highest recent level on January 28, 2022 at AU$ 0.57. Rox Res. has 1 236 280 064 shares outstanding. |