QUEBEC, April 7 /CNW Telbec/ - Robex Resources Inc. (TSX-V: RBX / FWB: RB4) is pleased to announce the closing with success of a non-brokered placement of $500,000.
Under the terms of this private placement, the company has issued 5,555,555 Units at $0.09 per Unit. Each Unit consists of one common share and one common share purchase warrant, each warrant exercisable to purchase one additional common share at $0.13 per share, valid for a period of two years following the closing of this private placement.
A director of the company subscribed to an amount of $20,000, representing 4% of the overall financing. The securities issued in this private placement are subject to a four-month hold period under applicable securities legislation and the policies of the TSX Venture Exchange. This placement is subject to the approval of the TSX Venture Exchange.
The West Mali Gold Rush
With the aim of making the company free to drill on its exploration properties in Mali independently and cheaper, the Boards of Directors approved the purchase of two RC drills. These will allow Robex to drill on all its exploration licences and thus meet its commitments to the DNGM ("Direction générale de la géologie et des mines" of the Republic of Mali). One of the RC drills will be available within two weeks for drilling on the Wili-Wili property where diggers are currently very active and past results very promising.
The technical content of this press release has been reviewed by Benoit M Violette, P.Geo , a qualified person in accordance with NI43-101 standards.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For the Board of Directors :
Rolland Veilleux, President of the Board of Directors
SOURCE ROBEX RESOURCES INC.
For further information: For further information: Investor relations: André Gagné, CEO, (418) 527-5023, firstname.lastname@example.org, skype: andregagne1