Rox Resources (ASX:RXL) upsized its share purchase plan to AU$18 million following strong demand, according to a Friday filing with the Australian bourse.
Applications under the share purchase plan amounted to roughly AU$24.4 million, exceeding the original AU$10 million target disclosed in November, the filing said.
Proceeds will be used to fund the equity component of the Youanmi project development in Western Australia, per the filing.
Shares rose 2% in midday trade on Friday.
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