TSXV : RBX
MONTREAL, Oct. 18 /CNW Telbec/ - Robex Resource Inc (TSX-V: RBX) has
closed a portion of its non-brokered private placement financing announced on
September 25, 2007. Proceeds of $615,200 have been raised by the issuance of
3,417,779 units at $0.18 per unit. Each unit consisted in one common share and
one half of a share purchase warrant. Each whole warrant entitles the holder
to purchase one additional common share at a price of $0.28 for a period of
24 months from the closing date.
The shares and warrants issued pursuant to this private placement, and
any shares issued on exercise of the warrants, are subject to a four-month
holding period. Robex expects to close the balance of the private placement of
up to $1,500,000 on November 9th.
Robex is pleased to highlight the participation of Sodemex II and
Sprott Assett Management in this first closing.
Proceeds from this financing will allow Robex to initiate its
2007-2008-exploration program within the next few weeks.
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 private placement is subject to the approval from regulatory
On behalf of the Board of Directors
Jean Demers, P. Geo,
President & CEO,
For further information:
For further information: Marie-Claude Poitras, Communications, (418)
870-1482, firstname.lastname@example.org; J. Stewart Robertson, Business
Development, (613) 392-2646, email@example.com