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Robex Resources Filed Prospectus Supplement and Amended Bridge Facility; Shares Jumped Near 13% on Wednesday
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Robex Resources Filed Prospectus Supplement and Amended Bridge Facility; Shares Jumped Near 13% on Wednesday
Jun 20, 2024 5:00 AM

07:41 AM EDT, 06/20/2024 (MT Newswires) -- Robex Resources ( RSRBF ) , which gained near 13% to $2.36 yesterday, on Thursday announced that it has filed a prospectus supplement to its short form base shelf prospectus dated July 20, 2023, with respect to its previously announced 'best efforts' public offering of 50,691,200 units of the company at a price of $2.17 per unit for gross proceeds of $109,999,904.

In addition, the company also entered into definitive agreements with Taurus to extend the current US$35 million bridge facility to June 22, 2025. It said the extension is subject to customary conditions and is expected to close on or before June 21, 2024, subject to the definitive approval of the TSXV. The key terms of the extension announced in the company's news release dated June 17, 2024, have been amended.

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