Firm Commitments Received for A$1.136 Million Placement
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| Stock | Buxton Resources Ltd (BUX.ASX) |
|---|---|
| Release Time | 29 Jun 2026, 8:24 a.m. |
| Price Sensitive | Yes |
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Buxton Resources Secures A$1.136M Placement
Key Points
- Firm commitments received for A$1.136M placement
- Issue price set at A$0.035 per share
- Funds to support exploration and working capital
- Strong support from UK investors
Full Summary
Buxton Resources Limited has secured firm commitments to raise approximately A$1.136 million through a placement of 32,457,143 new fully paid ordinary shares at A$0.035 per share. The placement, led by SI Capital (UK), received strong support from UK sophisticated investors, broadening the company's shareholder base. The funds will be used for exploration activities across Buxton's project portfolio and for general working capital. Settlement is scheduled for July 6, 2026, with allotment on July 8, 2026.
Guidance
Buxton Resources plans to raise A$1.136M through a share placement.
Outlook
Buxton Resources expects to use the raised funds for exploration activities and general working capital.
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