June 16 (Reuters) - Venus Metals Corporation Ltd VMC.AX :
* RECEIVED $2 MILLION FROM ROX RESOURCES LTD
* WILL RECEIVE FURTHER $1 MILLION EITHER BY ISSUE OF RXL SHARES AT 2.4 CENTS EACH OR IN CASH
* UNIT ELECTED THAT 30% OF COSTS OF OYG JOINT VENTURE BE FUNDED BY ROX RESOURCES