ABx’s share purchase plan to close

ABx Group (ASX:ABX) reminds eligible shareholders that its share purchase plan to raise up to $500,000 will close at 5pm AEDT on 21 December 2023.

As previously reported, the $17.44 million market capitalisation company plans to use the funds to advance its rare earth elements (REE) project, along with general working capital. 

Under the SPP, new shares will be priced at $0.08 — a premium of 2.4% to ABx’s 30-day volume weighted average price (VWAP) to 24 November 2023. 

Eligible shareholders can purchase up to $30,000 worth of fully paid ordinary shares in ABx with no associated brokerage. 

ABx Group is a diversified minerals explorer focused on its Australian assets, including its 83%-owned subsidiary ALCORE, which is establishing a plant to produce hydrogen fluoride and aluminium fluoride from recycled industrial waste.

Write to Aaliyah Rogan at Mining.com.au      

Images: ABx Group
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.