QUEBEC CITY, QUEBEC -- (Marketwired) -- 04/22/13 -- Robex Resources Inc. (TSX VENTURE: RBX)(FRANKFURT: RB4) is pleased to inform its shareholders that it has just confirmed a private financing of $ 4,000,000 with the firm "BEN AND CO INTERNATIONAL TRADING CENTRAL PURCHASE."
This financing at a rate of 10% annually (inclusive of all taxes) for four (4) years, was signed before a notary on April 19 in Bamako.
The disbursement will be made in three installments, the first at the signing of the contract. The remaining two installments will be disbursed at the end of May and end of June 2013. The loan is repayable monthly starting January 31, 2014 and can be repaid prior to the deadline without penalty.
Andre Gagne, President and CEO, said: "This funding from a Malian company is great news not only because it does not cause dilution to our shareholders, but also because it confirms the return of trust of the institutions towards the development in Mali. I take this opportunity to thank Mr. Badara Alou Coulibaly, CEO of Ben & Co, for his openness and confidence in Robex."
This press release contains statements that may constitute "forward-looking information" or "forward-looking statements" as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Robex Inc.'s ("Robex") control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated reserves, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Robex. The forward-looking information is based on the estimates and opinions of Robex's management at the time of the publication of the information and Robex does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.
The TSX Venture Exchange or its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts no liability for the authenticity or accuracy of this release.
President and CEO
Most Popular Stories
- Islamic State Obliterating Cultural Landmarks in Mosul
- VW Site Could Mean Another 2,000 Jobs for Chattanooga
- Anarchy, Chaos Sweep Across Libya
- Eid al-Fitr Celebrations Mark End of Ramadan
- Report: China to Declare Qualcomm a Monopoly
- The 2014 Fastest-Growing 100
- Oppression of Women Cripples Africa: Obama
- RV Sales See Highest Increase Post Great Recession
- Israeli Criticism of Kerry Annoys White House
- Contreras-Sweet to Speak at MED Week