Street Talk

Rox Resources launches $40m equity raise

New shares were being issued at 30¢ – a 16.7 per cent discount to the last close.

Sarah Thompson, Kanika Sood and Emma Rapaport

Updated May 1, 2025 – 12.52pm, first published at 11.05am

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ASX-listed gold and nickel explorer Rox Resources is back in front of investors, this time with a $40 million institutional placement via stockbrokers Canaccord Genuity and Euroz Hartleys.

New shares were being issued at 30¢ – a 16.7 per cent discount to the last close.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.