02:01 PM EST, 01/29/2025 (MT Newswires) -- Robex Resources ( RSRBF ) on Wednesday said it closed its public offering of 16.6-million shares at $2.05 each, raising $34 million in total.

Proceeds will be mainly used to advance the Kiniero Gold Project, in Guinea.

"This equity raise will allow Robex to move forward with the Kiniero construction which is accelerating towards a gold pour later this year. Kiniero will be a transformative project for the company, and I look forward to seeing it commissioned," said chief executive Matthew Wilcox.

The company's shares were last seen down $0.03 to $2.38 on the TSX Venture Exchange.

Price: 2.39, Change: -0.02, Percent Change: -0.83