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Buxton Resources Ltd (BUX.AX)

BUX.AX on Australia Stock Exchange

0.10AUD
18 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Buxton Resources Enters Binding Agreements With Independence Group
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Buxton Resources Ltd ::ENTERED INTO BINDING AGREEMENTS WITH INDEPENDENCE GROUP.IGO HAS SUBSCRIBED TO 15% OF BUXTON'S CAPITAL STRUCTURE VIA PLACEMENT OF 20.4 MILLION ORDINARY SHARES AT 20 CENTS PER SHARE.PROCEEDS FROM PLACEMENT WILL BE USED TO FUND NEXT ROUND OF EXPLORATION AT MERLIN PROSPECT AND OTHER WORK.PLACEMENT WILL RAISE APPROXIMATELY $4MLN FOR BUXTON.AS PART OF AGREEMENTS, IGO HAVE COMMITTED TO BUXTON TO UNDERWRITE ANY RIGHTS ISSUE OF $2.3 MILLION WITHIN 12 MONTHS OF EXECUTION.  Full Article