Robex Resources Inc.

Robex Resources Inc.

June 13, 2016 18:00 ET

Robex Resources Inc. General Assembly

QUEBEC CITY, QUEBEC--(Marketwired - June 13, 2016) - Robex Resources Inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) ("the Company" or "Robex") held on June 8, 2016 the shareholders' general assembly in Quebec City.

During this assembly the following directors were re-elected for a term of one year: Mr. Georges Cohen, Mr. Richard Faucher, Mr. Julien Cohen, Mr. Michel Doyon, Mr. Claude Goulet, Mr. Christian Marti and Mr. Benjamin Cohen.

Mr. Georges Cohen and Richard Faucher were elected by the Company's directors, respectively, as President and Vice President of the Board of directors.

In addition, the following directors were re-elected as members of the Company's Audit Committee for a term of one year: Mr. Julien Cohen, Mr. Michel Doyon and Mr. Claude Goulet.

Mr. Benjamin Cohen was appointed as the Company's technical Vice-President.

Robex Resources Inc. shareholders voted in favor of the appointment of the firm PricewaterhouseCoopes LLP / s.r.l / s.e.n.c.r.l., who will be responsible for auditing the company's financial statements for the year ending December 31, 2016.

Cancellation and Grant of share options

The company has granted two sets of 500,000 shares each, to Mr. Augustin Rousselet who holds the position of Vice President of Finance and the Company's Chief Operating Officer and to Mr. Nicolas Ros, Director of Legal Affairs.

Each share entitles the holder to acquire one common share of the Company at a price of $ 0.16 for a period of three (3) years. According to this provision, the Company intends to cancel the remaining 166,666 of Mr. Rousselet share options (at the same price of $ 0.16) and the remaining 200,000 of Mr. Ros's share options ($ 0.20).

The management team wishes to acknowledge the exceptional contribution of the latter to ensure the restart of the Nampala mine.

The company invites you to visit their website at to see new pictures and videos of the Nampala mine.

This press release contains statements that may constitute "forward-looking information" or "forward-looking statements" as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Robex's control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated reserves, environmental risks (stricter regulations), unforeseen geological situations, unfavourable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Robex. The forward-looking information is based on the estimates and opinions of Robex's management at the time of the publication of the information and Robex does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information