Robex - Opening of a private placement for up to $750 000



    QUEBEC, Jan. 13 /CNW Telbec/ - Robex Resources Inc. (TSX-V: RBX) is glad
to announce the opening of a non-brokered private placement for up to $750
000. This decision is strongly supported by several investors, consultants and
creditors of the company who encourage this initiative and have expressed
their interest to participate. This financing stems from recent decisions by
the new board of directors to move forward as rapidly as possible on the
company's projects in Mali.
    This financing will consist of a maximum offering of 15,000,000 units.
Each unit, priced at $0.05, will include one common share and one common share
purchase warrant, each warrant exercisable to purchase one additional share at
$0.10 per share for the first year and at $0.15 per share for the second year
following the closing of this private placement.
    The net proceeds of this offering will be affected to the company's
working capital as well as on continuing work on the Nampala gold deposit
located on the Mininko property in South Mali which contains an inferred
resource of 760 000oz of gold according to the Canadian 43-101 standard.
Benoît Violette, geologist and vice-president of operations, will oversee this
work.
    This financing is subject to the approval from regulatory authorities.

    Nominations
    -----------

    Robex announces the nomination of Adrien Pichette as a new member of the
board of directors (BOD). He will also be replacing Guy Normandin as the
company's secretary. André Gagné, vice-president of the BOD, has been
appointed chief executive officer (CEO) of the company and director Claude
Goulet becomes the new chief financial officer (CFO).

    
                              www.robexgold.com

                         For the board of directors:
            Rolland Veilleux, President of the board of directors

           The TSX Venture Exchange cannot be held responsible for
                 the contents of the present press release.
    




For further information:

For further information: Investor relations: André Gagné,
vice-president, (418) 527-3588, andregagne@consult-art.ca

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