QUEBEC CITY, QUEBEC--(Marketwire - May 11, 2011) -Robex Resources Inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) acknowledges error in May 4th, 2011 press release called "Robex announces a non-brokered private placement for up to $2,000,000" where Robex said a third party received a finder's fee of $75,000 and 444,444 warrants which have the same characteristics as those issued under the private placement.
Instead, Robex paid as finder's fee to this person a sum of $120,000 and issued a total of 1,388,888 common share purchase warrants, each entitling to purchase one additional common share of Robex at $0.30 for a period of 3 years. These warrants are subject to an accelerated expiry if the common shares trade at a closing price equal or superior to $0.40 for 20 consecutive trading sessions. These securities are subject to a four-month hold period under applicable securities legislation and the policies of the TSX Venture Exchange.
Robex is sorry for any inconvenience it may have caused.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Andre Gagne
President and CEO
418-527-5023
a.gagne@robexgold.com
Skype: andregagne1