Robex Resources Inc.

Robex Resources Inc.

June 10, 2009 18:40 ET

Robex Resources engages Northern Securities in connection with a $2 million private placement

/Not for Distribution to United States Newswire Services or for Dissemination in the United States/

QUEBEC, QUEBEC--(Marketwire – June 10, 2009) - Robex Resources Inc. (RBX: TSX Venture Exchange) is pleased to announce that it has engaged Northern Securities Inc. for a best efforts private placement of up to $2 million in units at a price of $0.095 per unit, for gross proceeds to Robex of $2 million.

Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of Robex at an exercise price of $0.125 for a period of four years from the closing date.

Robex has granted an over-allotment option to Northern, exercisable, in whole or in part, for a period of 24 hours prior to the closing of the private placement, to increase the size of the private placement by up to 50% of the number of units issuable on or before closing on the same terms as the private placement.

Robex use the net proceeds from the placement of the units for exploration and development work on its gold projects in Mali and for working capital.

As consideration for acting as agent, Robex has agreed to pay Northern a cash commission of ten percent of the total proceeds from the private placement, payable upon closing. In addition, Northern will receive compensation options equal in number to eight percent of the aggregate number of units sold, which will entitle Northern to purchase, at an exercise price equal to $0.095, one common share and one common share purchase warrant. The warrants comprised in the compensation options may be exercised at any time and from time to time for a period of twenty-four months following the closing of the proposed private placement at an exercise price of $0.125.

Northern may appoint a selling group consisting of other registered dealers acceptable to Robex, for the purpose of arranging for purchasers of the units.

The placement will be effected pursuant to prospectus exemptions under applicable securities legislation and is expected to close on or before July 15, 2009. The placement is subject to receipt of all necessary corporate and regulatory approvals, including that of the TSX Venture Exchange, and to the signing of an Agency Agreement. The securities issued in the placement will be subject to a four-month "hold period" under applicable securities legislation and the policies of the TSX Venture Exchange.

There are currently 91,000,000 common shares of Robex issued and outstanding.

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.

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

On behalf of the Board of Directors,
Rolland Veilleux, Chairman of the Board

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