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VRX Silica Limited (ASX:VRX)

ALERT: Price-sensitive ASX Announcement for VRX
Current share price for VRX : $0.040 -0.001 (-2.44%)+
Announcement
Release
28 May 2026 9:52AM
Price at Release
$0.041
Full Release
download
Summary
The prospectus for VRX Silica Limited details an Entitlement Offer aimed at raising up to $6,232,199 before costs. The offer is priced at $0.04 per share, with an Entitlement Offer Ratio of 1:5, requiring a minimum subscription of $2,000,000. The funds will be allocated to early works and detailed engineering at Arrowsmith North, as well as property acquisitions and studies at Muchea. It also outlines directors' interests, key risk factors, and potential dilution for non-participating shareholders. Key dates include the announcement on 27 May 2026 and the closing on 19 June 2026, with specific details on underwriting options and shareholder entitlements.
Key Points
  • Entitlement Offer to raise up to $6,232,199
  • Offer price of $0.04 per share
  • Entitlement Offer Ratio of 1:5
  • Minimum subscription set at $2,000,000
  • Purpose includes early works and engineering at Arrowsmith North
  • Additional funds towards Arramall property and Muchea studies
  • Directors' interests and potential dilution risks outlined
  • Key dates: Announcement on 27 May 2026, Closing on 19 June 2026
  • Underwriting Options to be issued with ratio 3:$1
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.