By Sheri Kasprzak
New York, April 6 - Robex Resources Inc. priced a C$5 million private placement.
The company plans to sell up to 20 million units of one share and one warrant with. Each unit is priced at C$0.25.
The unit price is level with the company's closing stock price on April 5.
Each warrant is exercisable at C$0.35 for two years.
The deal is scheduled to close May 20.
Proceeds will be used for exploration on the company's gold prospects in Mali and for the acquisition of new properties. The rest will be used for working capital.
Montreal-based Robex is a mineral exploration company.
| Issuer: | Robex Resources Inc.
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| Issue: | Units of one share and one warrant
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| Amount: | C$5 million (maximum)
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| Units: | 20 million (maximum)
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| Price: | C$0.25
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.35
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| Placement agent: | Non-brokered
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| Pricing date: | April 6
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| Settlement date: | May 20
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| Stock symbol: | TSX Venture: RBX
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| Stock price: | C$0.26 at close April 6
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