MONTREAL, Nov. 9 /CNW Telbec/ - Robex Resources Inc (TSX-V: RBX)
announces the closing of a non-brokered private placement for total proceeds
of $833,000. Robex has consequently issued 4,627,779 units priced at $0.18.
Each unit included one share and a 2 year half-warrant. Each whole warrant
entitles the holder to buy one share of Robex for $0.28. The proceeds will be
used to continue the exploration program on Robex' properties in Mali, West
A few months ago, Robex announced major changes within its management.
The most important one being a change in the presidency; Jean Demers became
President and CEO of Robex and plans to make substantial changes in the
In the past few years, Robex acquired some ten quality exploration
projects and has developed them by investing its own financial resources
without the participation of partners. Robex will, from now on, favor
partnerships and the sharing of the risks of exploration. This idea will be
the basis of the Company's new strategy.
Moreover, because exploration work in West Africa is interrupted every
year for several months during the rainy season, Robex is seeking new
strategies in order to remain active year-round.
Several scenarios are considered to improve the Company's outlook and
performance for its shareholders.
Robex Resources is a gold exploration corporation active in Mali. Its
growth potential lies in the quality of its team, its projects, and on its
Management's objective to create value for its shareholders.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Jean Demers, Geo
President & CEO
For further information:
For further information: M-C Poitras, Communications, (418) 870-1482,