Rox Resources Limited (AU:RXL) has released an update.
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Rox Resources Limited is set to raise A$26 million through a placement to institutional investors and is offering a share purchase plan to eligible shareholders, allowing them to buy shares at A$0.14 each. The company is also implementing a facility to help small shareholders with parcels under A$500 sell their shares without incurring brokerage fees. This initiative aims to reduce administrative costs while offering small investors a straightforward selling option.
For further insights into AU:RXL stock, check out TipRanks’ Stock Analysis page.
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