By Sheri Kasprzak
New York, Sept. 20 - Robex Resources Inc. said it has priced a private placement of units for C$2.35 million.
The company plans to sell up to 9.4 million units at C$0.25 each.
The units include one share and one half-share warrant. The whole warrants allow for the purchase of another share at C$0.30 each for two years.
Loewen, Ondaatje, McCutcheon Ltd. is the placement agent for the offering, which is slated to close Oct. 7.
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$2.35 million (maximum)
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| Units: | 9.4 million (maximum)
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| Price: | C$0.25
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| 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
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| Placement agent: | Loewen, Ondaatje, McCutcheon Ltd.
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| Pricing date: | Sept. 19
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| Settlement date: | Oct. 7
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| Stock price: | C$0.295 at close Sept. 19
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