VRX Silica raises $50,000 through director share issue

VRX Silica Ltd. ( (AU:VRX) ) just unveiled an announcement.

VRX Silica Ltd. has issued and allotted 694,444 fully paid ordinary shares at $0.072 per share, raising $50,000 before costs in a placement to a company director that was approved by shareholders. The new shares are of an existing quoted class, and the company has notified the ASX that the issue was made without a prospectus under the applicable disclosure relief provisions.

The company confirmed it is compliant with its financial reporting and continuous disclosure obligations under the Corporations Act and reported there is no excluded information that must be disclosed at this time. This notice provides assurance to investors that the small capital raise and director share issuance have been conducted within the current regulatory and governance requirements.

More about VRX Silica Ltd.

VRX Silica Ltd. is an Australian-listed company on the ASX focused on silica-related assets and operations. The company issues fully paid ordinary shares as part of its capital management activities and operates under the Australian Corporations Act regulatory framework.

Average Trading Volume: 418,232

Technical Sentiment Signal: Sell

Current Market Cap: A$38.95M

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