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| Home : Robex Announces a Credit Facility and a Private Placement |
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May 08
2014 |
Robex Announces a Credit Facility and a Private Placement |
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QUÉBEC CITY, QUÉBEC--(Marketwired - May 8, 2014) - Robex Ressources Inc. ("Robex" or "the Company") (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to announce that the board of directors has approved an agreement in principle to conclude a subscription agreement (the "Subscription Agreement") with African Peak Trading House Limited (the "Trading House") to finance its capitalization by an aggregate amount of CDN$15,000,000 contemplated to take place on or about May 29, 2014 which will also change the Company's international corporate structure. The Trading House will subsequently enter into a CDN$15,000,000 senior non-revolving credit facility through a secured Gold Stream Credit Agreement ("Gold Loan") with the Company's subsidiary Nampala S.A. ("Nampala") to support and finance the capital expenditures for production at the gold mine in Moussala, Nampala, Mali (the "Mine"). |
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| Source:http://www.marketwired.com/mw/release.do?id=1908086&sourceType=3 |
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