Robex Resources Inc. Announces Acceleration of Warrant Expiry Date
QUEBEC CITY — West African gold producer Robex Resources Inc. (“Robex” or the “Company”) (ASX: RXR | TSX-V: RBX | OTC: RSRBF | Börse Frankfurt: RB4) has announced significant updates regarding the expiry date of its common share purchase warrants. The Company has accelerated the expiry date of the 2024 Warrants, initially set for June 27, 2026, to a new date of 5:30 p.m. (Toronto time) on October 18, 2025.
Details of the 2024 Warrants
The 2024 Warrants were issued on June 27, 2024, as part of the Company’s recent equity financing efforts, with each warrant allowing the holder to acquire a common share at an exercise price of C$2.55. The acceleration is due to a significant increase in share price exceeding C$3.50 for ten consecutive trading days, which reflects robust market performance and investor confidence.
Conditions for Accelerated Expiry
According to the terms laid out in the prospectus, Robex has the right to adjust the expiry date based on the trading performance of its shares. The recent trading period from September 2, 2025, to September 15, 2025, allowed for this acceleration, signaling a pivotal moment for the company and its stakeholders.
Implications for Shareholders
As of now, there are 57,759,921 2024 Warrants still outstanding. If all warrants are exercised before the new deadline, Robex anticipates raising approximately C$147.3 million. The Company is urging warrant holders to act soon and follow the instructions provided in the forthcoming acceleration notice to ensure they do not miss the opportunity.
Strategic Plans Following Acceleration
Matthew Wilcox, Managing Director of Robex, expressed optimism about the acceleration’s impact. He described it as a significant milestone, which illustrates the positive momentum of the Company. The funds raised will contribute toward exploration activities at the Kiniero Gold Project in Guinea, the ongoing development of the Kiniero Mine, and various corporate initiatives planned for the future.
Future Prospects at Kiniero
With the first gold pour anticipated in December 2025 and commercial production projected for the first quarter of 2026, Robex is on the brink of a transformative phase. The acceleration of the warrant expiry is a crucial step towards achieving these goals, underpinning the Company’s commitment to maximizing shareholder value and project potential.
In addition to these developments, Robex is reinforcing its dedication to building a viable and sustainable mining operation in Guinea. The expected proceeds from the exercised warrants will not only enhance the Company's financial stability but also fortify its strategic ambitions moving forward.
Contact and Investor Information
For further inquiries or information, shareholders and interested parties can reach out to Robex Resources Inc. at the provided email address: investor@robexgold.com. The company’s official website is www.robexgold.com.
Frequently Asked Questions
What is the new expiry date for Robex's 2024 Warrants?
The new expiry date for the 2024 Warrants is set for 5:30 p.m. (Toronto time) on October 18, 2025.
Why did Robex accelerate the expiry date of the warrants?
The acceleration was triggered by the company's share price exceeding C$3.50 for ten consecutive trading days, indicating strong market performance.
How much can Robex potentially raise if all warrants are exercised?
If all warrants are exercised, Robex could raise approximately C$147.3 million.
What will the proceeds from the warrants be used for?
The proceeds will be directed towards exploration at the Kiniero Gold Project, development of the Kiniero Mine, and other corporate initiatives.
How can shareholders exercise their warrants?
Shareholders should follow the instructions in the notice of acceleration that will be delivered to them, which will also be available on the Company's website.
