VRX Silica Launches AU$6.23 million Entitlement Offer to Advance Arrowsmith North Development
VRX Silica Limited (ASX: VRX) has launched a renounceable entitlement offer to raise up to AU$6.23 million as the Company progresses development activities at its Arrowsmith North Silica Sand Project in Western Australia. The capital raising follows the release of the updated Bankable Feasibility Study (BFS), which further strengthened the project’s long-term development outlook and commercial positioning within the industrial minerals sector.
Under the entitlement issue, qualifying shareholders have the opportunity to purchase one additional share for every five shares owned at a price of AU$0.04 each. Shareholders taking part in the offer will also be granted one attaching option at no cost for every two shares subscribed for. The offer is partially underwritten to AU$2.0 million by Mahe Capital Pty Ltd, providing additional support for the funding process.
VRX has continued advancing key project initiatives, including infrastructure planning, land acquisitions, and securing binding offtake agreements to support future project development. Management indicated that proceeds from the raising will strengthen the Company’s financial flexibility while supporting ongoing operational and strategic activities linked to Arrowsmith North.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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VRX Silica Launches AU$6.23 million Entitlement Offer to Advance Arrowsmith North Development
VRX Silica Limited (ASX: VRX) has launched a renounceable entitlement offer to raise up to AU$6.23 million as the Company progresses development activities at its Arrowsmith North Silica Sand Project in Western Australia. The capital raising follows the release of the updated Bankable Feasibility Study (BFS), which further strengthened the project’s long-term development outlook and commercial positioning within the industrial minerals sector.
Under the entitlement issue, qualifying shareholders have the opportunity to purchase one additional share for every five shares owned at a price of AU$0.04 each. Shareholders taking part in the offer will also be granted one attaching option at no cost for every two shares subscribed for. The offer is partially underwritten to AU$2.0 million by Mahe Capital Pty Ltd, providing additional support for the funding process.
VRX has continued advancing key project initiatives, including infrastructure planning, land acquisitions, and securing binding offtake agreements to support future project development. Management indicated that proceeds from the raising will strengthen the Company’s financial flexibility while supporting ongoing operational and strategic activities linked to Arrowsmith North.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au