June 7 (Reuters) - Polarx Ltd PXX.AX :
* POLARX LTD ANNOUNCES NON‐RENOUNCEABLE 1‐FOR‐7 RIGHTS ISSUE AT $0.08 PER SHARE, TO RAISE UP TO $4.26M
* PROCEEDS TO PRIMARILY FUND UPCOMING EXPLORATION AT ZACKLY & CARIBOU DOME PROSPECTS IN ALASKA RANGE PROJECT