Melbourne, Nov 19, 2009 (ABN Newswire) - Rex Minerals Limited (ASX:RXM) is pleased to advise that the retail component of the entitlement offer closed at 5.00 pm on 17 November 2009 and that Rex has raised a total of A$14,797,595.60 (8,704,468 shares) from retail shareholder subscriptions. The balance, being a total of A$6,311,144.60 (3,712,438 shares) is being provided by or on behalf of the underwriter, E.L. & C. Baillieu Stockbroking Ltd.
It is intended that allotment of all new shares to be issued under the retail entitlement offer will be completed by 25 November 2009 and that the new shares will commence trading on 26 November 2009 with holding statements to be dispatched to shareholders on the same day.
About Rex Minerals Limited
The strategy at Rex Minerals Limited is to acquire highly prospective projects with the potential to host large resources in commodities that are in high demand. Rex has ownership of projects covering the commodities of Gold, Silver, Copper and Iron. They are located in two states (SA and NSW) and are within geological terrains that are known for their endowment in these commodities. Rex then applies its extensive technical experience and existing drilling capacity to progress these projects. These projects will lay the foundations for long term internal growth of Rex as we forge ahead to become a diversified exploration and mining company.
Contact
Steven Olsen (Managing Director) or Janet Mason (Company Secretary) Phone: +61-3-5337-4000 E-mail: info@rexminerals.com.au
Rex Minerals Limited
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