FXR 0.00% 0.2¢ fox resources limited

how big is societe generale

  1. 11 Posts.
    Fox has announced this morning that it has SG Australia
    has paid a 5 cent premium on the fully paid shares and is now listed on the Fox register.

    Does this mean that Fox has secured a new JV partner or is this bank taking a strategic view on the Radio Hill Nickel Operations.

    Do banks normally invest in Juniour Companies?

    I have copied the latest announcment below:

    The Company hereby announces that it has made a placement of shares
    and options to SG Australia Limited (SG). SG is the investment
    banking arm of the major European bank, Societe Generale. The
    placement by SG shows their willingness to assist Fox to complete the
    mining study currently underway into restarting operations at Radio
    Hill.

    The placement will consist of the issue of 1,850,000 ordinary fully
    paid shares at an issue price of 25 cents per share and 1,850,000
    attaching free options (exercisable at 20 cents expiring on 31
    January 2006), thereby raising $462,500 for the Company.
 
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