By Sheri Kasprzak
New York, June 12 - Robex Resources Inc. wrapped its previously announced private placement for C$3,085,000.
The company issued 12.34 million units at C$0.25 each.
Each unit is comprised of one share and one warrant. The warrants are exercisable at C$0.35 each for two years.
The non-brokered offering priced on April 6 as a C$5 million deal comprised of up to 20 million units.
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.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$3,085,000
|
| Units: | 12.34 million
|
| Price: | C$0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.35
|
| Placement agent: | Non-brokered
|
| Pricing date: | April 6
|
| Settlement date: | June 12
|
| Stock symbol: | TSX Venture: RBX
|
| Stock price: | C$0.26 at close April 6
|
| Stock price: | C$0.30 at close June 9
|
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