As announced on 28 October 2020, RMX had previously received firm commitments to raise $360,000 (before costs) via a share placement of 30,000,000 shares at a price of A$0.012 per share to professional and sophisticated investors (Placement). The Placement was subject to shareholder approval, which was received on 8 December 2020. Refer to the notice of meeting dated 12 November 2020 for further information.
So this is basically the capital raise in which shareholders had already voted on last year. The only difference is The investors wanted more and I don't blame them.
One thing I've noticed with RMX is they seem to be working very hard on keeping the soi to a minimum.
We should now be well financed to see us through our drilling programs on both the gold and rare Earth's projects.
RMX Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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