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Buxton Resources Limited (ASX:BUX)

ALERT: Price-sensitive ASX Announcement for BUX
Current share price for BUX : $0.044 0.002 (4.76%)+
Announcement
Release
29 Jun 2026 8:24AM
Price at Release
$0.042
Full Release
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Summary
Buxton Resources Limited (ASX: BUX) has announced the successful receipt of firm commitments to raise approximately A$1.136 million through the placement of 32,457,143 new fully paid ordinary shares at an issue price of A$0.035 per share. This placement, which received strong support from sophisticated UK investors, will be managed by SI Capital (UK) with a 6% fee on proceeds. Scheduled to settle on 6 July 2026, the funds raised under ASX Listing Rule 7.1 will support exploration activities across Buxton's projects and provide general working capital. The company aims to accelerate its exploration initiatives, particularly at the Madman target in Western Australia.
Key Points
  • Firm commitments received to raise A$1.136 million through a placement.
  • 32,457,143 new fully paid ordinary shares issued at A$0.035 per share.
  • SI Capital (UK) acted as lead manager, with a fee of 6% on placing proceeds.
  • Placement capacity used under ASX Listing Rule 7.1.
  • Settlement scheduled for 6 July 2026, with allotment on 8 July 2026.
  • Funds to be used for exploration activities and general working capital.
  • Strong support from UK sophisticated investors.
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.