Robex Resources Inc.

Robex Resources Inc.

January 19, 2011 08:45 ET

Robex Cashes $330,000 from the Exercise of Warrants

QUEBEC CITY, QUEBEC--(Marketwire - Jan. 19, 2011) -Robex Resources Inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) confirms today that a total of 3,000,000 warrants were exercised at a price of $0.11 per common share for total proceeds of 330,000$. The warrants expiration date was October 15th, 2011 and they were issued in connection with a private placement completed in October 2009.

Robex continues to move forward with the execution of all necessary tasks required for the ongoing feasibility study. Bumigeme Inc., a Canadian company with a vast experience in the development of dressing procedures and mineral plants operation, has been awarded the contract for performing this feasibility study whose purpose is to define the application modalities of an open-pit mining operation using a 5,000 tons a day cyanide processing plant.

The technical content of this press release and the results contained within have been verified by Mr. Jacques Marchand, certified NI 43-101 engineer geologist in charge of resource calculations.

This news release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of Robex Resources Inc. ("Robex"). Actual results or achievements may differ materially from those expressed in, or implied by, this forward-looking information. Factors that could cause such differences, without limiting the generality of the following, include: volatility and sensitivity to market metal prices; impact of change in foreign currency exchange rates and interest rate; imprecision in reserves estimates; environmental risks including increased regulatory burdens; unexpected geological conditions; adverse mining conditions; political risks arising from operating in certain developing countries; changes in government regulations and policies, including laws and policies; failure to obtain necessary permits and approvals from government authorities; and other development and operating risks. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Robex will derive therefrom. Forward-looking information is based on the estimates and opinions of Robex's management at the time the information is released and Robex does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

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

  • Robex Resources Inc. - Investor relations
    Andre Gagne
    President and CEO
    Skype: andregagne1