Robex - Convertible debenture financing



    MONTREAL, June 16 /CNW Telbec/ - Robex Resources Inc (TSX-V: RBX)
announces a convertible debenture financing for a maximum of $300,000. The
debenture will last one year, will carry an interest rate of 10% and will be
convertible in common shares of Robex at $0.10. In addition, the debenture
will include a premium of one half-warrant attached to each underlying share.
Each whole warrant will entitle the holder to buy one share of Robex for $0.15
for a period of 12 months.
    The financing is subject to the approval from regulatory authorities.

    Expiration of warrants

    On June 9, 12,340,000 warrants exercisable at $0.35 and 2,468,000
exercisable at $0.25 expired without being exercised.

    Robex is active in gold exploration in Mali. Its growth potential is
based on the quality of its team and of its projects as well as on its
objective of creating value for its shareholders. This release and the
information contained herein have been verified by Jean Demers, P.Geo and
qualified person. The TSX Venture Exchange has not reviewed and does not
accept responsibility for the accuracy of this release.




For further information:

For further information: Jean Demers, P. geo, President & CEO, (514)
979-9400, j.demers@robexgold.com; Marie-Claude Poitras, Communications, (418)
870-1482, mc.poitras@robexgold.com

Organization Profile

ROBEX RESOURCES INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890