Uranex Limited (ASX: UNX) has advised that substantial shareholders IMX Resources (ASX: IXR) has sold its entire interest of 54,246,482 fully paid ordinary shares.
The sale was made to a range of investors comprising existing shareholders (approximately 70% of the sale), high net worth individuals and investors.
Uranex said that the sale process has been conducted in an orderly manner. The new investors have provided confidence for the company’s present exploration strategy at its Nachu Graphite Project in Tanzania.
Uranex did not disclose the sales price, with its shares last trading intra-day at $0.032 on volume of 63.6 million shares.
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