VRX Welcomes New Strategic Investor
Highlights:
• Significant investment in VRX Silica shares at market price
• Adds to new investor’s exposure to Australian mining sector
• Investment does not dilute VRX shareholders
VRX Silica Limited (ASX: VRX) (VRX or Company) is pleased to welcome
a significant investment in VRX shares by a new strategic European-based
investor.
The investment follows due diligence inquiries on the Company and its
Arrowsmith North, Arrowsmith Central and Muchea Silica Sand Projects,
located north of Perth, Western Australia.
The investment was undertaken via a transfer of fully paid ordinary shares
from VRX Top 20 shareholders and does not otherwise dilute existing VRX
shareholders.
To facilitate the level of investment sought, members of the VRX Board
agreed to transfer a portion of their holdings, reducing their aggregate
interest from approximately 14% to 12% of shares on issue. Appendix 3Ys
follow this announcement.
The transfer of these shares was priced in line with VRX’s prevailing
market price and was facilitated by an Australian broking firm.
Combined with VRX shares purchased on-market prior to this transfer, the
new investor has a total shareholding in VRX of approximately 3.5%.
VRX welcomes this significant investment in VRX shares by the
Company’s new Top 20 investor, which will sit alongside this investor’s
significant interests in other ASX-listed resources companies.
This announcement has been authorised for release to ASX by Managing
Director, Bruce Maluish.
All IMHO, DYOR
- Forums
- ASX - By Stock
- VRX
- Ann: Strategic Investment and Appendix 3Ys
Ann: Strategic Investment and Appendix 3Ys, page-2
-
- There are more pages in this discussion • 181 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VRX (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.2¢ |
Change
0.002(5.00%) |
Mkt cap ! $26.38M |
Open | High | Low | Value | Volume |
4.0¢ | 4.2¢ | 3.8¢ | $11.49K | 285.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4946 | 3.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 279199 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 73990 | 0.038 |
2 | 631342 | 0.037 |
2 | 73676 | 0.036 |
1 | 119534 | 0.035 |
1 | 100000 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 279199 | 2 |
0.044 | 200000 | 1 |
0.045 | 17000 | 1 |
0.046 | 200000 | 1 |
0.047 | 21275 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
VRX (ASX) Chart |