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VRX Silica Launches New Shareholder Offer
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VRX Silica Launches New Shareholder Offer

VRX Silica Ltd. (AU:VRX) has released an update.

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VRX Silica Ltd has revised its fundraising approach, cancelling the previous entitlement offer and announcing a new fully underwritten issue to raise approximately $2.46 million before expenses. This offer will allow eligible shareholders to purchase new shares at $0.055 each, with additional incentives in the form of attaching options. The funds from this raise will support the company’s various silica sand projects and general working capital.

For further insights into AU:VRX stock, check out TipRanks’ Stock Analysis page.

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