Robex Resources Inc.: Retains Market-Making ServicesHere's the official news... Like you said Stud, I've been a shareholder since 1998. Saw the price went up to 1$ and as low as 0.02$... Since the Cohen's took over, the price has never fluctuated that much downward it was usually the opposite. If someone wants to liquidate theirs shares, there are not enough buyers right now to keep the price at the same level... Time will tell. GLTA bveilleu
QUEBEC CITY, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Robex Resources Inc. (“Robex”, the “Corporation”, the “Group” or the “Company”) (TSXV: RBX)
Following the significant change in the share liquidity since the beginning of the year, the executive team has decided to retain a specialized services provider, subject to regulatory approval.
Robex has retained Venture Liquidity Providers Inc. (hereafter: VLP) to initiate its market-making service in order to assist in maintaining an orderly trading market for the common shares of the Company.
The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws. For its services, the Corporation has agreed to pay VLP 5 000 CAD plus HST per month for a period of 3 months. Following the initial term, this agreement will automatically renew for successive additional 1-month terms. The agreement may be terminated at any time by the Corporation or VLP. The Corporation and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the Corporation or its securities. The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the Company to VLP is for services only.
VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX-V-listed issuers.
For more information, the Robex management reports and consolidated financial statements are available on the Company’s website in the “Investors” section. These reports and other documents produced by the Company are also available at: sedar.com.
About ROBEX:
Robex Resources Inc. is a TSX-V listed Canadian mining company with exploration properties and an operating mine in Mali. The Group has a strong business model, which demonstrated great results with the Nampala mine. With this experience, Robex is now striving to grow in West Africa by acquiring and/or developing new mines.
For more information:
Benjamin Cohen, CEO
Aurlien Bonneviot, Investors relations and corporate development
a.bonneviot@robexgold.com
Head office: +1-581-741-7421