Rox Resources Limited Entitlement Offer

Rox Resources Limited (ASX: $RXL) has announced a non-renounceable entitlement offer to eligible shareholders, seeking to raise approximately A$7.62 million. The offer includes the issuance of up to 46,169,283 new shares at an offer price of A$0.165 per new share, along with one free attaching new option for every two new shares subscribed for and issued. The entitlement offer opens on May 6, 2024, and is expected to close on May 20, 2024. The funds raised will be allocated towards drilling and exploration activities at the Youanmi Gold Project and Mt Fisher - Mt Eureka Project, as well as for the completion of the ongoing pre-feasibility study for the Youanmi Gold Project.

Executive Commentary

The company is pleased to offer this entitlement raise to eligible shareholders, providing an opportunity to participate in the funding of our crucial exploration activities. The Youanmi Gold Project and Mt Fisher - Mt Eureka Project hold significant potential, and the completion of the pre-feasibility study is a key milestone for our future development. We encourage eligible shareholders to consider this opportunity carefully and take part in our growth plans.

Summary of Entitlement Offer

Rox Resources Limited (ASX: $RXL) has initiated a non-renounceable entitlement offer to raise approximately A$7.62 million, with the aim of funding drilling and exploration activities at the Youanmi Gold Project and Mt Fisher - Mt Eureka Project. The offer includes the issuance of new shares and new options, providing eligible shareholders with the opportunity to subscribe for new securities at an offer price of A$0.165 per new share. The company has highlighted the importance of this funding for the completion of the ongoing pre-feasibility study for the Youanmi Gold Project and the advancement of exploration activities. Shareholders are encouraged to review the prospectus carefully and consider participating in this opportunity to support the company's growth plans and strategic initiatives.