NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES The Board of Directors of Intex Resources ASA ('ITX' or the 'Company') has resolved to call for an extraordinary general meeting (the 'EGM') in order to propose to the shareholders of the Company to increase the share capital through the issuance of new shares with preferential and tradable subscription rights for existing shareholders, raising gross proceeds in the range NOK 7.9 million (equivalent to ~USD 0.9 million) and NOK 12 million (equivalent to ~USD 1.39 million) (the 'Rights Issue'). The Rights Issue will be used to strengthen the Company's financial position and to fund the Company's planned operations following the middle of January 2016. The proceeds from the Rights Issue will, however, only secure financing for the Company for a limited period of time and additional funding from the shareholders may need to be provided. More information regarding the Company's financial position will be provided in the notice to the general meeting. The Company has formed an underwriting syndicate that will underwrite the minimum amount of the Rights Issue, NOK 7.9 million. Participants include several major shareholders and all members of board. The participants in the underwriting syndicate will receive an underwriting fee corresponding to 2.5% of the underwritten amount. Any shareholder of ITX, holding shares as of the end of the date of the EGM, scheduled to be held on 15 December 2015, will receive subscription rights proportionate to their registered shareholding in the VPS as of 17 December 2015. One subscription right will give the right to subscribe for and be allocated one new share. The subscription rights will be tradable and listed on Oslo Børs. Oversubscription and subscription without subscription rights will be permitted. The subscription price in the Rights Issue will be NOK 0.60 per new share. For each share subscribed, allocated and paid in the Right Issue, the subscriber will, in addition, receive one warrant giving the subscriber a right to subscribe for an additional share at a subscription price NOK 0.66 no later than 18 July 2016. Subsequent to the Rights Issue, the Company's share capital will increase by between NOK 263,333.34 (assuming minimum transaction size) and 400,000 (assuming maximum transaction size) through the issuance of between 13,166,667 and 20,000,000 new shares. The Rights Issue is subject to approval by the EGM. Preliminary timeline and key events: * Date of EGM: Scheduled for 15 December 2015. * Last day of trading in the ITX share including the right to receive subscription rights is 15 December 2015. * Subscription period: From 18 December 2015 to 7 January 16:30 hrs CET, 2016. The indicative timeline is subject to adjustments, and the subscription period is subject to the approval by the Financial Supervisory Authority of Norway of the prospectus prepared in connection with the Rights Issue. Further information about the Rights Issue will be included in the prospectus currently under preparation and expected to be published on or about 16 December 2015. Oslo, 24 November 2015 Intex Resources ASA Christian L. Holst Chairman Tel: +47 952 55 849 About Intex Resources: Intex Resources ASA is a diversified mineral exploration company, based in Oslo, Norway. The company is dedicated to the responsible development of natural resources. Intex's main asset is the world class Mindoro Nickel project, located in Mindoro, The Philippines. More information is available at: www.intexresources.com This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act
ITX - Stock Exchange Notice 24 Nov Rights Issue FINAL.pdf

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