https://www.miningweekly.com

Hawke’s Point joins Rox to progress Youanmi

18th March 2021

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

Gold and nickel company Rox Resources on Thursday announced an agreement with Hawke’s Point to subscribe for $11-million in new fully paid ordinary shares in Rox, plus one free attaching option for every two shares subscribed.

Rox will place 314 285 714 shares to Hawke’s Point, the mining finance arm of TFG Asset Management, in consideration for an issue price of 3.5c a share. The issue price is a 5.1% discount to the volume-weighted average market price over the 15 days ended March 17.

On Thursday, Rox traded at 4.2c a share.

“The investment by Hawke’s Point is just its third in Australia and demonstrates confidence in the Rox team and the Youanmi gold project,” said Rox MD Alex Passmore.

The investment decision supports Rox's strategy of acquiring and exploring Youanmi, which has a mineral resource estimate of 12.4-million tons at 2.97 g/t gold for 1.19-million ounces of gold, including a near-surface portion of ten-million tonnes at 1.65 g/t gold for 532 000 oz.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.047 0.857s - 111pq - 2rq
Subscribe Now