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PolarX extends SPP closing date following strong demand

A 3,000-metre drilling program at the Alaska Range Project is set to begin next week with rigs and its geological support team due to arrive on-site by July 15.

PolarX Ltd - PolarX extends SPP closing date to Friday July 10 following strong demand
Site preparation and access road maintenance for drilling at Alaska Range has begun

PolarX Ltd (ASX:PXX) has extended the closing date for its share purchase plan (SPP) by two days to 5.00pm on Friday, July 10.

This follows the company fielding several enquiries from eligible shareholders interested in participating but who have experienced delays in receiving their SPP offer booklet due to longer postal delivery times related to the COVID-19 pandemic.

The company urges eligible shareholders wishing to participate in the SPP to apply by completing the personalised acceptance form sent to all eligible shareholders or in the case of applying by BPay®, using the reference number shown on the application form.

Applying to participate in SPP

Eligible shareholders may also electronically access and securely download their personalised forms from Computershare’s Investor Centre website at www.investorcentre.com by logging in as an existing user or clicking on Access a Single Holding and following the instructions.

Under the SPP, eligible shareholders will be entitled to acquire up to $30,000 of shares at an issue price of 3.8 cents per share, being the same issue price as the placement which was completed on June 23.

Applications and payment must now be received by 5.00pm (AEST) on Friday, July 10.

The issue date for shares under the SPP is now expected to be July 17, with the new shares expected to begin trading on July 20.

Quick facts: PolarX Ltd

Price: 0.048 AUD

ASX:PXX
Market: ASX
Market Cap: $25.99 m
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