VRX Silica Ltd. (AU:VRX) has released an update.
VRX Silica Ltd. announces a pro-rata renounceable entitlement offer to raise up to $3,141,269, with shareholders able to purchase one new share for every thirteen held at $0.07 each, plus additional options. The offer, partially underwritten by Canaccord Genuity up to $2.6 million, is aimed at current shareholders in Australia, New Zealand, Germany, and the United Kingdom, with specific terms outlined in the prospectus. Investors are reminded that investing in securities is highly speculative and to consult professional advice.
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