VRX Silica Ltd. (AU:VRX) has released an update.
VRX Silica Limited has announced a non-renounceable rights issue to raise approximately $3.1 million for funding its projects and working capital. The offer includes one new share at $0.07 each for every thirteen held, plus free attaching options, partially underwritten by Canaccord Genuity. Funds will primarily support the Muchea and Arrowsmith North projects, with ineligible shareholders outside Australia, New Zealand, Germany, and the UK excluded from the offer.
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