Robex Resources Inc.

Robex Resources Inc.

August 14, 2008 16:21 ET

Robex - Closing of a private placement

MONTREAL, QUEBEC--(Marketwire – Aug. 14, 2008) - Robex Resources Inc (TSX-V: RBX) closed today a 100 000$ private placement financing through a convertible debenture (see Press Release July 10th)

The one year debenture carries an interest rate of 10% and is convertible into common shares of Robex at $0.10. One half-warrant per underlying share was also attached as a premium. Each whole warrant will entitle the holder to buy one share of Robex for $0.15 for a period of 12 months. A total of 500,000 warrants were issued. The securities issued under the private placement are subject to a four month resale restriction that remains in effect until December 15, 2008.

Robex in few words:

Robex Resources is active in gold exploration in Mali. The management is confident that due to the quality of its Malian assets, Robex will advantageously position itself for the future. The company is presently evaluating corporate strategies to re-launch its growth.

The company also features:

  • Ten high-quality gold properties representing and recognize as being one of the best available portfolio in Mali.
  • A 43-101 inferred resource of 760,000 ounces of gold. Goal: produce a scoping study (Nampala).
  • A one-kilometre gold-bearing structure located on surface featuring an intersection grading 4.2 g/t over 22 m. Goal: drilling to develop resources (Wili-Wili).
  • A property contiguous to the Syama gold mine on the same mineralized structure. Goal: finalize a strategic partnership (N'Golopene).
  • Malian assets including know-how and equipments (experienced staff, vehicles, mobile and permanent camps, offices, etc....).
  • A reduced market capitalization representing a great investment opportunity.

The TSX Venture does not accept responsibility for the accuracy of this release.

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