VRX Silica Secures AU$2.1 Million Placement to Advance Arrowsmith North
VRX Silica Limited (ASX: VRX) has received firm commitments to raise AU$2.1 million through a two-tranche placement to sophisticated and professional investors. Tranche 1 will issue 28.5 million shares for approximately AU$2.05 million, while Tranche 2 will issue 0.7 million shares to directors for AU$50,000, subject to shareholder approval.
Funds will support pre-construction planning at the Arrowsmith North Silica Sand Project, including final surveys, engineering design and preparation to secure long-lead plant items. The placement was strongly supported by existing shareholders and new institutional investors, with Unified Capital Partners acting as lead manager.
Shares are priced at AU$0.072, representing a 17.2% discount to the last close and an 18.0% discount to the five-day VWAP. Settlement for Tranche 1 is scheduled for 1 December 2025, with allotment on 2 December 2025. The capital raising strengthens VRX’s position as it advances one of Australia’s premier high-grade silica sand developments.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au
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VRX Silica Secures AU$2.1 Million Placement to Advance Arrowsmith North
VRX Silica Limited (ASX: VRX) has received firm commitments to raise AU$2.1 million through a two-tranche placement to sophisticated and professional investors. Tranche 1 will issue 28.5 million shares for approximately AU$2.05 million, while Tranche 2 will issue 0.7 million shares to directors for AU$50,000, subject to shareholder approval.
Funds will support pre-construction planning at the Arrowsmith North Silica Sand Project, including final surveys, engineering design and preparation to secure long-lead plant items. The placement was strongly supported by existing shareholders and new institutional investors, with Unified Capital Partners acting as lead manager.
Shares are priced at AU$0.072, representing a 17.2% discount to the last close and an 18.0% discount to the five-day VWAP. Settlement for Tranche 1 is scheduled for 1 December 2025, with allotment on 2 December 2025. The capital raising strengthens VRX’s position as it advances one of Australia’s premier high-grade silica sand developments.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au