08:53 AM EDT, 04/08/2025 (MT Newswires) -- Robex Resources ( RSRBF ) , which lost 8% yesterday, entered Tuesday into a settlement agreement with certain claimants that were party to a share purchase agreement executed between the company, Sycamore Mining Ltd. and its shareholders on April 19, 2022 with respect to certain claims made by the claimants (Sycamore Agreement), which remains conditional upon receiving the approval of the TSX Venture Exchange.

In consideration of a mutual full and final release in regard to the Sycamore SPA and accessory agreements, the company agreed to: issue all outstanding common shares of the company issuable pursuant to the Sycamore SPA; and pay to the claimants a total sum of C$1 million, made in a first installment of C$250,000 before June 5, 2025, and a second installment of C$750,000 before September 5, 2025; and grant to the claimants a total of 12.5 million common share purchase Warrants, with each settlement warrant entitling the holder to buy one common share for a period of 36 months, for an exercise price of C$2.75 each.