Rox Resources Secures Funding for Youanmi Gold Project

Rox Resources Limited (AU:RXL) has released an update.

Rox Resources Limited has successfully raised approximately $3.9 million through a non-renounceable entitlement offer aimed to fund the advancement of its 2.3Moz Youanmi Gold Project in Western Australia. The offer included one new share for every eight held, plus a free attaching option for every two new shares, both of which will trade on the ASX. Binding commitments have also been secured for an additional $2.3 million under the Shortfall Offer.

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