QUEBEC, June 23 /CNW Telbec/ - Robex Resources Inc (RBX) announces that
the Board Of Directors (BOD) of the Company has approved, by special
resolution, the creation of a Strategic Development Committee (SDC). This SDC
has a mandate to explore new business opportunities, strategies and ways to
re-organize the Company, which will ultimately result in a new and improved
Marcel Bédard, Chairman comments; "The BOD of the company realizes that
the time is right for the Company to re-focus its business plan and
aggressively pursue new strategies and business opportunities to increase
shareholder values and re-establish shareholder confidence. To this end, the
Board has given the mandate to the SDC to fast track a new Robex with the
support of the Company behind it. Currently the Company has already begun some
of the re-organization directives and is in certain level talks with various
companies concerning its Mali property portfolio."
Some of the strategies and evaluations included (not limited to the
- Sale or Joint Venture agreements of the current Mali properties.
- Review of the Company's structure of Directors and Executives and share
- Potential acquisition of a high profile flag ship property.
- Public profile and awareness
- Financing opportunities.
The streamlined SDC is composed of two members from Robex' Board,
M. Marcel Bédard and M. Christopher Zakak, and one independent advisor, M.
Peter J. Hawley.
Marcel Bédard, is currently Chairman of the Board for Robex and a
Chartered Accountant with extensive experience in finance and entrepreneurial
ventures. He is also a senior partner in the accounting firm MDCB Chartered
Christopher Zakak, is a Director with over a decade's experience in
investment banking. From 2000 to 2005, Mr. Zakak was V-P of Legg Mason, Inc, a
global asset management and financial advisory firm. Prior to his employment
with Legg Mason, Mr. Zakak worked in London for Merrill Lynch Private Banking.
In addition to his experience in the financial services industry, Mr. Zakak
participated in a variety of high-level projects in the real estate, natural
resources and industrial sectors.
Peter J. Hawley, B. Eng, P. Geo. Independent Advisor, he currently sits
on the Boards of various public Companies. He advises both public and
financial institutes. Mr. Hawley is founder, Chairman and CEO of Scorpio
Mining Corporation, a Company listed on the Toronto Exchange, currently in
production. He has extensive experience in mining, from grassroots
exploration, to development, to production, financing and corporate affairs
through out the world.
On Behalf of the Board,
Marcel Bédard, Chairman
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the accuracy of this release.
For further information:
For further information: ROBEX Resources Inc., (418) 877-6411, Fax:
(418) 877-8033, www.robexgold.com