Robex Resources Closes Successful Offering of Common Shares
Robex Resources Inc. (TSXV: RBX), a prominent player in the gold production sector, is thrilled to announce the successful closing of its recent public offering, which generated significant funds for its operational advancements.
Offering Details and Financial Results
The offering comprised 16,585,400 common shares priced at $2.05 each, resulting in gross proceeds amounting to $34,000,070. This substantial capital influx positions Robex to enhance its growth initiatives, particularly in the Kiniero Gold Project.
Leading the offering was SCP Resource Finance LP, which acted as the bookrunner and agent. The offering was adjusted slightly, reflecting the exercise of the over-allotment option by the agent, ensuring that the funds raised serve the intended purpose effectively.
Progress on the Kiniero Gold Project
With the closure of the offering, Robex is strategically positioned to push ahead with construction, engineering, and the procurement of essential long-lead items for its flagship Kiniero Gold Project stationed in Guinea, which aims for its first gold pour by late 2025.
Matthew Wilcox, Robex's Managing Director and CEO, expressed optimism regarding the project, stating that this equity raise would facilitate advancements at Kiniero, which is poised to become a transformative asset for the company. He emphasized the anticipation surrounding the gold pour later this year.
Utilization of Proceeds
The net proceeds from the offering will primarily be allocated towards the Kiniero Gold Project. Specifically, funds will bolster construction, facilitate engineering processes, and ensure timely procurement of long-lead items to keep the project on track for its scheduled first gold pour. Additionally, part of the funds will cater to general administrative expenses and working capital needs.
Agency Agreement Insights
As part of an agency agreement formalized on January 23, 2025, Robex compensated the agent with a cash commission equating to 6.0% of the gross proceeds. This arrangement underscores the collaboration that facilitated the successful execution of the offering.
About Robex Resources Inc.
Robex is a multi-faceted gold production and development company in West Africa, with a commitment to safe and responsible mining practices. The company has been operational at the Nampala mine in Mali since 2017 and is dedicated to fostering sustainable growth through its various projects.
With the backing of strategic shareholders, Robex aspires to solidify its position as a leading mid-tier gold producer in the West African region, offering exciting potential for exploration and growth in the industry.
Management Contact Information
For additional inquiries, you can reach out to Robex Resources Inc. directly. Matthew Wilcox, the Managing Director and CEO, along with Alain William, Chief Financial Officer, are available for further information. Reach them at +1 581 741-7421.
Email: investor@robexgold.com
Website: www.robexgold.com
Frequently Asked Questions
What is the purpose of the offering by Robex Resources?
The offering aims to raise funds primarily for advancing the Kiniero Gold Project, facilitating construction and procurement processes.
How much capital was raised through this offering?
Robex Resources successfully raised gross proceeds of $34,000,070 from the sale of common shares.
Who led the public offering for Robex Resources?
SCP Resource Finance LP served as the bookrunner and agent for the offering.
What are Robex's future plans with the Kiniero Gold Project?
Robex is focusing on accelerating construction and engineering efforts, targeting a first gold pour by the end of 2025.
Who can I contact for more information about Robex Resources?
For more information, contact Matthew Wilcox, CEO, or Alain William, CFO, at +1 581 741-7421 or via email at investor@robexgold.com.
