Buxton Resources Limited (AU:BUX) has released an update.
Buxton Resources Limited has announced an offering of free attaching options linked to a share issuance aiming to raise funds primarily from sophisticated investors, including a placement offer, share purchase plan, and top-up placement. The options, which have an exercise price of 16 cents and expire on 31 July 2026, are intended for investors looking for potential capital growth through exposure to the company’s mineral exploration activities in Australia and the United States. The company is trying to raise a total of $3,750,000 through these offers, with the shares priced at 8.5 cents each.
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