By Devika Patel
Knoxville, Tenn., Sept. 25 - Robex Resource Inc. priced a private placement of units to raise up to C$1.5 million.
The company will sell up to 8,333,333 units at C$0.18 apiece. Each unit consists of one share and one half-share warrant. Each whole warrant is exercisable at C$0.28 for two years.
Proceeds will be used for exploration and working capital.
Montreal-based Robex is a mineral exploration company.
| Issuer: | Robex Resource Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1.5 million (maximum)
|
| Units: | 8,333,333 (maximum)
|
| Price: | C$0.18
|
| Warrants: | One half warrant per unit
|
| Warrant strike price: | C$0.28
|
| Warrant expiration: | Two years
|
| Pricing date: | Sept. 25
|
| Stock symbol: | TSX Venture: RBX
|
| Stock price: | C$0.18 at close Sept. 25
|
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