Robex Resources plans C$2.5 million non-brokered placement of units

Funds used for general purposes while waiting for Nampala mine financing

By Devika Patel

Knoxville, Tenn., Oct. 30 – Robex Resources Inc. said it plans a C$2.5 million non-brokered private placement of units.

The company will sell 25 million units at C$0.10 per unit. The price per unit is a 100% premium to the Oct. 29 closing share price (TSX Venture: RBX) of C$0.05.

Proceeds will be used for general purposes while waiting for the financing needed to restart operations of the Nampala mine.

Montreal-based Robex is a gold exploration company.

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