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Company Announcement: Capital Raising

12th February 2013

  

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Rox Resources Limited  (0.04 MB)

The directors of Rox Resources Limited are pleased to advise they have agreed to place 90 million shares at $0.055 per share to raise approximately $4.95 million (before costs) to professional and sophisticated clients of Patersons Securities Limited. Paterson’s are acting as sole Lead Manager to the Placement Commenting on the capital raising Managing Director Ian Mulholland said, “We are extremely pleased with the response we have received from existing and new sophisticated investors which has generated $4.95 million in new funds for the Company. The Placement was strongly supported and has exceeded our expectations. This additional funding provides certainty for the immediate future funding of activities at Fisher East and across our portfolio of projects.”

“The capital raising has introduced some significant institutional investors to our share register which is a very pleasing outcome”. “These funds will be principally utilised to carry out an aggressive drilling program at Fisher East, which will include follow up drilling at Camelwood, and several other identified nickel sulphide targets along strike from this prospect.” Rox completed a Share Purchase Plan (SPP) in November 2012 which was well supported by shareholders however the Company can only undertake an SPP once every 12 months.

 

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