Robex Resources Inc V.RBX

Alternate Symbol(s): RSRBF

Metals & Mining Gold

Robex Resources Inc. is a Canada-based gold mining company. The Company owns two assets in the prospective Birimian Greenstone belt: the Nampala producing gold mine in Mali, and the Kiniero Gold Project in Guinea (Conakry). The Kiniero Gold Project is a 470 square kilometers (km2) package of mining licenses in the prolific Siguiri Basin, Guinea, and consists of the adjacent Kiniero (mining) and Mansounia (exploration) licenses which host numerous deposits. The Nampala Gold Mine is located in the Republic of Mali, approximately 250 kilometers (km) southeast (335km by road) of the capital of Bamako, 45 km northwest of the Syama Mine (operated by Resolute Mining Limited) and 91 km southwest of the Morila mine (operated by Firefinch Limited). The mine is in the Sikasso administrative region. The property has a total surface area of c. 280km2 and consists of two parts: the Nampala exploitation permit covering 16 km2, including the Nampala mine, and five exploration permits.

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Robex Resources Inc

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Post by studpuppyon Nov 05, 2018 1:28pm

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Post# 28925391

More news!

2018-11-05 12:28 ET - News Release

Mr. Augustin Rousselet reports

ROBEX RESOURCES INC. ANNOUNCES A PROPOSED OFFERING OF UNSECURED AND NON-CONVERTIBLE DEBENTURES

Robex Resources Inc. has arranged a proposed offering of unsecured and non-convertible debentures for a principal amount of up to $11.79-million with accredited investors, including persons related to the company. The 2018 debentures will bear interest at an annual rate of 10 per cent and will mature on Nov. 26, 2020. Some, or all, of the 2018 debentures may be denominated in euros, based on the Bank of Canada exchange rate on Nov. 26, 2018. The 2018 debentures will be redeemable by Robex Resources, in whole or in part (by increments of 1,000 euros), at any time prior to the maturity date at a redemption price equal to their principal amount, plus accrued and unpaid interest.

The net proceeds of the offering will be used to repay the 2013 convertible debentures maturing on Nov. 21, 2018, which will allow Robex to use its current cash flow to fund its operations and advance its exploration project.

The closing of the offering is conditional upon obtaining the applicable regulatory authorizations. Moreover, the closing of the offering shall require the execution of usual and customary definitive legal and corporate documentation, including a subscription agreement to be entered into by Robex and all proposed subscribers.

NEW BANK FINANCING

The Company has obtained a loan from a Malian bank for an amount of CAD $3.4 million bearing interest at the rate of 7% annually and repayable over three years. This loan will be used partially to fund the new exploration and drilling campaign reported in the news release dated September 24, 2018.

NI 43-101 TECHNICAL REPORT

Reported in the news release dated September 24, 2018, the Company officially files NI 43-101 Technical Report completed by Alain Carrier, M.Sc., P.Geo. (InnovExplo), regarding the Nampala Mineral Resource estimate. The Technical Report in conformity with the National Instrument 43-101 entitled "NI 43-101 Technical Report for the Nampala and Mininko Permits (Mali) and Mineral Resource Estimate for the Nampala Gold Mine" ("the Technical Report") was prepared by Francois Kerr-Gillespie, P.Geo., Eric Kinnan, P.Geo., and Alain Carrier, M.Sc., P.Geo.. All are considered "Qualified Persons" as defined by NI 43-101. The Technical Report has an effective date of July 15, 2018 and a signature date of November 1st, 2018. The Technical Report may be found on the Company web site ( www.robexgold.com ) and under Robex's profile on SEDAR ( www.sedar.com ).

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