By Laura Lutz
Des Moines, March 16 - Aurox Resources Ltd. arranged a private placement of shares for A$3.2 million.
The company plans to sell 4 million ordinary shares at A$0.80 per share.
Hartleys Ltd. will act as agent.
Proceeds will be used to complete a bankable feasibility study for a titanomagnetite concentrate facility, for exploration and for working capital.
Aurox is a Perth, Australia-based resource exploration and development company.
| Issuer: | Aurox Resources Ltd.
|
| Issue: | Shares
|
| Amount: | A$3.2 million
|
| Shares: | 4 million
|
| Price: | A$0.80
|
| Warrants: | No
|
| Agent: | Hartleys Ltd.
|
| Pricing date: | March 16
|
| Stock symbol: | Australia: AXO
|
| Stock price: | A$0.83 at close March 16
|
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