Robex closes a $500,000 private placement

    TSXV : RBX

    MONTREAL, June 27 /CNW Telbec/ - Robex resources Inc (TSX-V: RBX) is
pleased to announce it has closed a private placement financing of $500,000
with Sprott Assets Management Inc. The private placement is made up of
1,851,851 Units at a price of $0.27 per Unit. Each Unit consists of one common
share and one half common share purchase warrant. Each common share purchase
warrant entitles the holder thereof to purchase one additional common share of
the Company for a period of 24 months from the closing date at a price of
    Under applicable securities legislation and the policies of the TSX
Venture Exchange, the common shares and warrants comprising the units are
subject to a four-month hold period. Proceeds from the Offering will be used
to fund the Company's gold exploration programs in Mali, West Africa and for
general corporate purposes.
    No brokerage fee was paid for this private placement.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    Robex Resources Inc TSX-V: RBX is a Canadian mining exploration and
development company focusing on Mali, West Africa. Mali is currently the 4th
most important gold producing country in Africa. Robex' permanent exploration
office is located in Mali, and is operated by senior geologists with an
extensive experience in West African mining exploration. The team works on
projects the Company already owns and is always on the lookout for new
projects with favourable geology and a high potential for the discovery of
world-class gold deposits. This permanent presence in Mali has allowed Robex
to become one of the most active exploration and development companies in West
Africa. In 2005, Robex was the third most important mining company operating
in Mali in terms of investment in exploration.


    Marcel Bédard, Chairman

For further information:

For further information: Richard Savard, President and CEO, Montreal,
(514) 620-0850,; M-C Poitras, Director Communications,
Quebec, (418) 870-1482,; J. Stewart Robertson,
Director Business Development, Trenton, (613) 392-2646,

Organization Profile


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