By Sheri Kasprzak
New York, Oct. 19 - Robex Resources Inc. said it has concluded a private placement for C$2,425,000.
The company issued 9.7 million units at C$0.25 each.
The units include one share and one half-share warrant. The whole warrants are exercisable at C$0.30 each for two years.
The deal was first announced Sept. 19 as a C$2.35 million offering of up to 9.4 million units under the same terms.
Loewen, Ondaatje, McCutcheon Ltd. was the placement agent.
The proceeds will be used for exploration on the company's gold properties and for acquisition programs in the Republic of Mali. The rest will be used for general corporate purposes.
Based in Montreal, Robex is a gold exploration and development company.
| Issuer: | Robex Resources Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$2,425,000
|
| Units: | 9.7 million
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| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.30
|
| Placement agent: | Loewen, Ondaatje, McCutcheon Ltd.
|
| Pricing date: | Sept. 19
|
| Settlement date: | Oct. 19
|
| Stock price: | C$0.295 at close Sept. 19
|
| Stock price: | C$0.25 at close Oct. 19
|
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