Robex Resources Inc.

Robex Resources Inc.

July 10, 2008 15:13 ET

Robex - Extension of the convertible debenture financing

MONTREAL, QUEBEC--(Marketwire – July 10, 2008) - Robex Resources Inc (TSX-V: RBX) obtained the approval to continue negotiation for the convertible debenture financing for a maximum of $300,000, announced on June 16, 2008. Individuals or entities interested and qualifying may contact Marcel Bédard, Chairman of the Board and CFO at 418-688-1035 or Jean Demers, President and CEO.

The financing

The debenture will last one year, will carry an interest rate of 10% and will be convertible in common shares of Robex at $0.10. In addition, the debenture will include a premium of one half-warrant attached to each full warrant. Each whole warrant will entitle the holder to buy one share of Robex for $0.15 for a period of 12 months.

Robex Highlights

Robex is active in gold exploration in Mali. Its growth potential is based on the quality of its team and of its projects as well as on its objective of creating value for its shareholders. The company also features:

  • Ten high-quality properties.

  • 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).

  • Malean 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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