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Buxton Resources Limited (ASX:BUX)

ALERT: Price-sensitive ASX Announcement for BUX
Current share price for BUX : $0.038 -0.004 (-9.52%)+
Announcement
Release
2 Apr 2026 9:44AM
Price at Release
$0.042
Full Release
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Summary
Buxton Resources Limited has received firm commitments to raise approximately A$3.0 million through the placement of approximately 86.4 million new shares at an issue price of A$0.035 per share. The placement includes an unconditional portion of A$2.9 million to institutional and sophisticated investors and a conditional portion of A$105,000 to company directors subject to shareholder approval. The funds will be used for advancing drilling and exploration in Australian projects, project evaluation, and general working capital. The placement was managed by Argonaut Securities Pty Limited with support from Taylor Collison Limited.
Key Points
  • Firm commitments for A$3.0 million placement.
  • Issue price at A$0.035 per share.
  • Placement includes A$2.9 million unconditional and A$105,000 conditional portions.
  • Funds to be used for exploration and working capital.
  • Placement managed by Argonaut Securities and Taylor Collison.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.