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VRX Silica Limited (ASX:VRX)

ALERT: Price-sensitive ASX Announcement for VRX
Current share price for VRX : $0.039 -0.01 (-20.41%)+
Announcement
Release
27 May 2026 8:47AM
Price at Release
$0.049
Full Release
download
Summary
VRX Silica Limited announced a renounceable rights issue to raise up to $6.2 million before costs. The rights issue offers a 1 for 5 renounceable rights issue at 4 cents per share, representing an 18.4% discount to the last closing price and a 27.3% discount to the 90-day VWAP. Shareholders will also receive one free attaching option for every two new shares, with an exercise price of 10 cents, expiring 30 June 2028. The issue is partially underwritten up to $2 million by Mahe Capital. Funds raised will be used for early works at the Arrowsmith North project, the Arramall property purchase, and further work on the Muchea project. The rights can be traded from 1 June 2026, and the offer will close on 19 June 2026.
Key Points
  • 1 for 5 renounceable rights issue at 4 cents per share
  • Discount of 18.4% to last closing price
  • 27.3% discount to 90-day VWAP
  • 1 free attaching option per 2 new shares
  • Option exercise price of 10 cents, expiring 30 June 2028
  • Partially underwritten up to $2 million by Mahe Capital
  • Funds for Arrowsmith North, Arramall purchase, Muchea project
  • Rights trading begins 1 June 2026
  • Offer closes 19 June 2026
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.