In a release issued under the same headline earlier today by Robex
Resources Inc. (TSXV: RBX; FRA: RB4), please note that in the
fourth paragraph the exercise price should be listed as "$ 0.39 per
common share" and not "US$ 0.39 per common share". The corrected
release follows:
Robex Resources Inc. (TSXV: RBX; FRA: RB4)
(“Robex” or the “Company”) is
pleased to announce the signing of the previously announced
US$ 35 million Bridge Loan with Taurus Mining Finance
Fund No. 2, L.P. (“Taurus”), an arm’s length
lender, for the development of the Kiniero Gold Project in Guinea
as of March 21st, 2023 (the “Bridge” or the
“Bridge Loan”).
The Bridge Loan will allow Robex to order long
lead items, start the earthworks and carry out the work program
leading to the completion of the feasibility study (as provided
under Regulation 43-101 respecting Standards of Disclosure for
Mineral Projects), which is expected to be released in May or June
2023. The Company will now work on satisfying the conditions
precedent to closing and expects a formal closing by the end of
March 2023.
The key terms of the Bridge Loan are:
-
9-month term from signing of the Bridge to scheduled repayment of
the Bridge;
-
Interest rate of 8.0% per annum;
-
Availability period up to end of June 2023;
-
Loan covenants customary for a facility of this type and reflecting
the competitive nature of the current market; and
-
Security over the shares held by Robex in Sycamore Mining Ltd and
Sycamore Capital CY Ltd; security over the shares held by Sycamore
Mining Ltd in Sycamore Mine Guinee SAU; and floating charges from
each of Sycamore Mining Ltd and Sycamore Capital CY Ltd.
As a condition to the Bridge Loan, Robex will
issue 22.5 million non-transferable common share purchase warrants
to Taurus with an exercise price of $ 0.39 per common share
(the “Warrants”). The Warrants will expire on the
earlier of:
- the date that is four (4) years after the closing date of the
Bridge Loan subject to earlier termination in case of full
repayment of the project finance that may be provided by Taurus;
or
- the date that is one (1) year after the closing date of the
Bridge Loan if the Bridge is fully repaid on or before that date
through the refinancing of the Bridge with a third-party lender or
group of lenders not directly or indirectly related or affiliated
to Taurus.
Finally, if the Bridge is reduced or partially
repaid during the first year of its term otherwise than through the
use of another financing instrument provided by Taurus or entities
related or affiliated to Taurus, a pro rata number of the Warrants
will have their term reduced to the later of (i) one year from
issuance of the Warrant, and (ii) 30 days from the reduction or
repayment of the Bridge.
In the case of early expiry of the Warrants,
Taurus will be entitled to an early expiry amount of up to
US$ 1,000,000, reduced proportionately by reference to when
the expiry date occurs within the original four-year exercise
period.
The Bridge has no requirements for hedging.
Conditions precedent to loan drawdowns include execution and
delivery of local registration of securities and other customary
conditions.
Taurus and Robex will now work together on
negotiating the terms of the second portion of the previously
announced financing package, namely the US$ 115 million
project finance facility including a US$ 15 million cost
overrun facility.
Benjamin Cohen, CEO: “Taurus have a very strong
track record In West Africa and we look forward to this new
partnership to build the next West African gold mine. With this
facility, we are now able to lock in long lead items to secure our
capex requirements and start mobilization of our construction team
with WACOM already on site. This is the beginning of an exciting
year for us in Guinea and we look forward to seeing this mine
restarted.”
About Robex Resources Inc.
Robex is a multi-jurisdictional West African
gold production and development company with near-term exploration
potential. The Company is dedicated to safe, diverse and
responsible operations in the countries in which it operates with a
goal to foster sustainable growth. The Company has been operating
the Nampala mine in Mali since 2017 and is advancing the Kiniero
Gold Project in Guinea.
Robex is supported by two strategic shareholders
and has the ambition to become one of the most important mid-tier
gold producers in West Africa.
About Taurus
Taurus Funds Management is an independent
Australian-based fund management firm providing
(i) investments in both public and private mining companies,
and also (ii) bespoke financing solutions for mid-tier and junior
mining companies. Established in 2006, the firm has a diversified
portfolio and spreads its investments across various
commodities.
More Information
ROBEX RESOURCES INC. |
FINANCIAL COMMUNICATIONS RENMARK INC. |
Benjamin Cohen, Chief Executive OfficerAurélien Bonneviot, Investor
Relations and Corporate Development+1 581 741-7421E-mail:
investor@robexgold.comwww.robexgold.com |
Robert ThaemlitzAccount Manager+1 416 644-2020 or +1 212
812-7680E-mail: rthaemlitz@renmarkfinancial.com
www.renmarkfinancial.com |
Forward-looking information and
forward-looking statements
This news release contains “forward-looking
information” or “forward-looking statements” within the meaning of
applicable Canadian securities legislations
(“forward-looking statements”). Forward-looking
statements are included to provide information about management’s
current expectations and plans that allows investors and others to
have a better understanding of the Company’s business plans and
financial performance and condition.
Statements made in this press release that
describe the Company’s or management’s estimates, expectations,
forecasts, objectives, predictions, projections of the future or
strategies may be “forward-looking statements”, and can be
identified by the use of the conditional or forward-looking
terminology such as “aim”, “anticipate”, “assume”, “believe”,
“can”, “contemplate”, “continue”, “could”, “estimate”, “expect”,
“forecast”, “future”, “guidance”, “guide”, “indication”, “intend”,
“intention”, “likely”, “may”, “might”, “objective”, “opportunity”,
“outlook”, “plan”, “potential”, “should”, “strategy”, “target”,
“will” or “would” or the negative thereof or other variations
thereon. Forward-looking statements also include any other
statements that do not refer to historical facts. Such statements
may include, but are not limited to, statements regarding the
Company’s ability to successfully advance the Kiniero Gold Project
and carry out the Kiniero Gold Project feasibility study; the
Company’s ability to enter into definitive documentation in respect
of the US$115 million project finance facility, including a US$15
million cost overrun facility (the “Facilities”)
on the terms set out in the non-binding term sheet, on acceptable
terms or at all; timing of the entering into of definitive
documentation in respect of the Facilities; and assuming definitive
documentation is entered into, the drawdown of the proceeds of the
Facilities, including the timing thereof.
Forward-looking statements and information are
made based upon certain assumptions and other important factors
that, if untrue, could cause the actual results, performance or
achievements of the Company to be materially different from future
results, performance or achievements expressed or implied by such
statements or information. There can be no assurance that such
statements or information will prove to be accurate. Such
statements and information are based on numerous assumptions,
including the Company’s ability to enter into definitive
documentation for the Facilities on the terms set forth in the
non-binding term sheet, on acceptable terms or at all, and to
satisfy the conditions precedent to closing and advances thereunder
(including satisfaction of remaining customary due diligence and
other conditions and approvals); the assumption that board approval
for the Facilities will be obtained; the Company’s ability to meet
the timing objectives for definitive documentation and first
drawdown of funds; the ability to execute the Company’s plans
relating to the Kiniero Gold Project as may be set out in the
Kiniero Gold Project pre-feasibility study, including the timing
thereof; the Company’s ability to complete its planned exploration
and development programs; the absence of adverse conditions at the
Kiniero Gold Project; no unforeseen operational delays; no material
delays in obtaining necessary permits; the price of gold remaining
at levels that render the Kiniero Gold Project economic; the
Company’s ability to continue raising necessary capital to finance
operations; and the ability to realize on the mineral resource and
mineral reserve estimates; and assumptions regarding present and
future business strategies, local and global geopolitical and
economic conditions and the environment in which the Company
operates and will operate in the future.
Certain important factors could cause the
Company’s actual results, performance or achievements to differ
materially from those in the forward-looking statements and
information including, but not limited to: financing costs or
adverse changes to the terms of available financing, if any, for
the Kiniero Gold Project; the Company’s ability to enter into
definitive documentation for the Facilities on acceptable terms or
at all; the Company’s ability to satisfy the conditions precedent
to closing and advances thereunder (including satisfaction of
remaining customary due diligence and other conditions and
approvals); failure or delays to receive necessary approvals or
otherwise satisfy the conditions to the completion of the
Facilities; the proceeds of the Kiniero Gold Project financing not
being available to the Company; fluctuations in gold and commodity
prices; risks related to the geopolitical situation in Mali and
related risks, including the risk of terrorism and armed banditry,
fraud and corruption, security threats and resource nationalism;
fluctuations in exchange and interest rates; the Company’s access
to debt financing; uncertainty of the Company’s mineral reserve and
mineral resource estimates; changes in the Company’s production and
cost estimates; hazards and risks normally associated with mineral
exploration and gold mining development and production operations;
risks related to the Company’s external contractors and suppliers;
the Company’s limited property portfolio; the depletion of the
Company’s mineral reserves; the Company’s access to an adequate
water supply for mining operations; the Company obtaining and
maintaining required licenses and permits from various governmental
authorities in order to operate; the Company obtaining and
maintaining title to its mineral projects and exploration rights;
competition with other mining companies; the Company’s ability to
find and retain qualified and key personnel; environmental risks
and hazards associated with operating a gold mine in Mali; the risk
that the Company may not be able to insure against all the
potential risks associated with its operations; risks related to
the Company’s relations with its employees, shareholders and other
stakeholders, including the local governments and communities
surrounding its mine in Mali; the Company’s reliance on information
technology systems; cybersecurity threats; the risk of any pending
or future litigation against the Company; and tax risks, including
changes in taxation laws or assessments on the Company.
Although the Company believes its expectations
are based upon reasonable assumptions and has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking information, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. These factors are not intended to represent a complete
and exhaustive list of the factors that could affect the Company;
however, they should be considered carefully. There can be no
assurance that forward-looking information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information.
The Company undertakes no obligation to update
forward-looking information if circumstances or management’s
estimates, assumptions or opinions should change, except as
required by applicable law. The reader is cautioned not to place
undue reliance on forward-looking information. The forward-looking
information contained herein is presented for the purpose of
assisting investors in understanding the Company’s expected
financial and operational performance and results as at and for the
periods ended on the dates presented in the Company’s plans and
objectives and may not be appropriate for other purposes.
Please also refer to the section titled Risks
and Uncertainties in the Company’s Management’s Discussion and
Analysis for the three and nine months ended September 30, 2022,
which is available under the Company’s profile on SEDAR at
www.sedar.com, for additional disclosures about the risk factors
that could cause results to differ materially from forward-looking
statements. All forward-looking statements contained in this news
release are expressly qualified by this cautionary statement.
Robex Resources (TSXV:RBX)
과거 데이터 주식 차트
부터 2월(2) 2025 으로 3월(3) 2025
Robex Resources (TSXV:RBX)
과거 데이터 주식 차트
부터 3월(3) 2024 으로 3월(3) 2025