March 18 (Reuters) - Rox Resources Ltd RXL.AX :
* ENTERED BINDING SUBSCRIPTION AGREEMENT WITH HAWKE'S POINT (RRL) L.P.
* TO ISSUE $11M IN EQUITY TO HAWKE'S POINT EQUATING TO HOLDING OF 13% IN CO
* INVESTMENT FROM HAWKE'S POINT UNDERPINS CO'S EXPLORATION AND DEVELOPMENT PLANS OVER COMING 18 MONTHS
* HAWKE'S POINT TO ALSO RECEIVE 157.1 MILLION OPTIONS EACH EXERCISABLE AT 7 CENTS INTO FULLY PAID ORDINARY SHARE IN ROX