QUEBEC CITY, QUEBEC--(Marketwired - June 5, 2014) - Robex Ressources Inc. ("Robex" or the "Company") (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to announce that it has finalized a private placement previously announced on May 8, 2014, with African Peak Trading House Limited (the "Trading House") (the "Private Placement"). The Trading House uses the proceeds of the subscription to enter into a non-revolving credit facility (the "Loan") with the Company's subsidiary Nampala S.A. ("Nampala"), to support the development of the gold mine in Nampala, Mali (the "Mine").
The Material Change Report of May 8, 2014 describes the principal terms of the Private Placement and the Loan in greater detail. Nampala and the Trading House also concluded, in the context of the Loan, a gold supply agreement in the normal course of business for a period of three years and based on the same price as set forth in the agreement for the Loan.
This operation is carried out with the sole objective to increase the Company's return on its previous significant investments made in the Mine. Effectively, the operation of the Trading House constitutes the basis of our marketing strategy relating to the sale outside of Mali of gold produced at the Mine; one of the goals of this strategy is to directly supply certain value-added segments of the market, including the high-end jewellers and Mints, with a differentiated product and a trade-mark providing additional value.
The Trading House will market the gold received from Nampala outside of Mali. The Trading House will sell the physical gold on the on the international market and will distribute all the profits from the sales to Robex through inter-company dividends. In doing so, the Company anticipates that the additional profits generated from the gold marketing strategy, based on the business model of the Trading House targeting value-added segments of the market, will be significant and that this endeavour will be beneficial for the Company.
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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, unfavourable 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Robex Resources Inc.Augustin Rousselet
Chief Financial Officer
Source: Robex Resources Inc.