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VRX Silica Limited (ASX:VRX)

ALERT: Price-sensitive ASX Announcement for VRX
Current share price for VRX : $0.035 -0.005 (-12.50%)+
Announcement
Release
25 Jun 2026 8:14AM
Price at Release
$0.040
Full Release
download
Summary
VRX Silica Limited announced the results of its renounceable rights issue, raising AUD 2,860,784 before costs. The issue closed on June 19, 2026, with 71,519,608 new ordinary shares and 35,759,852 new options to be issued. Funds raised will be used for early works and engineering at Arrowsmith North silica sand project, purchasing Arramall farm, studies at Muchea silica sand project, and for working capital. Mahe Capital Pty Ltd served as lead manager and partial underwriter, and the new shares and options are expected to be listed on June 26, 2026.
Key Points
  • VRX Silica Limited raised AUD 2,860,784 from a renounceable rights issue.
  • The issue closed on June 19, 2026, with new shares and options to be issued.
  • 71,519,608 new ordinary shares and 35,759,852 new options will be issued.
  • Funds to be used for Arrowsmith North silica sand project and other purposes.
  • Mahe Capital Pty Ltd acted as lead manager and partial underwriter.
  • New shares and options expected to be listed on June 26, 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.