NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED
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QUEBEC CITY, March 28, 2024 (GLOBE NEWSWIRE) -- Robex Resources Inc. ("Robex" or
the "Company") (TSXV: RBX) announces today that its Board of Directors has
approved the implementation of the consolidation of the issued and outstanding
common shares of the Company approved by its shareholders on June 29, 2023, on
the basis of one (1) post-consolidation common share for ten (10) pre-
consolidation common shares (the "Consolidation"), which will take effect on
April 1(st), 2024 (the "Effective Date").
As a result, the Company's consolidated shares are expected to commence trading
on the TSX Venture Exchange a few days after the Effective Date. After the
Consolidation, the shares will have a new CUSIP number and a new ISIN number.
The Consolidation will reduce the number of issued and outstanding common shares
of the Company from approximately 844,054,403 common shares to 84,405,449 common
shares upon completion of the Consolidation.
No fractional common shares will be issued in connection with the Consolidation
and all fractional common shares that would otherwise have been issued will be
rounded to the nearest whole common share.
Further information on the Consolidation can be found in the management
information circular dated May 19, 2023 available on SEDAR+ at www.sedarplus.ca
(http://www.sedarplus.ca).
Computershare Investor Services Inc., the Company's transfer agent, will act as
exchange agent for the Consolidation. Registered shareholders of the Company
will receive a letter of transmittal from the exchange agent in respect of the
Consolidation and each registered shareholder will be required to complete and
sign it. The letter of transmittal will contain instructions on how to surrender
the certificates representing the registered shareholder's common shares. If a
registered shareholder does not receive a letter of transmittal in respect of
its common shares, sample letters of transmittal will be available on SEDAR+.
Non-registered shareholders (i.e. beneficial shareholders) who hold their common
shares through an intermediary (i.e. a securities dealer, bank or financial
institution) should note that the intermediary may have different procedures for
processing the Consolidation from those that will be put in place by the Company
for registered shareholders. Shareholders who hold their common shares through
an intermediary who have questions in this regard should contact their
intermediary for more information.
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 long-life low-AISC Kiniero Project
in Guinea.
Robex is supported by two strategic shareholders and has the ambition to become
a mid-tier gold producer in West Africa.
More Information
Aurélien Bonneviot
Chief Executive Officer
Stanislas Prunier
Investor Relations and Corporate Development
+1 581 741-7421
E-mail: investor@robexgold.com (mailto:investor@robexgold.com)
www.robexgold.com (http://www.robexgold.com)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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