Replies to post #199 on Gold Exploration in West Africa

[Ed Monton]

Robex financing news. I bought some at .20 a while back and it went over .30 today! (g)

Robex Resources Inc. to Proceed With a Private Placement Agreement

Monday August 18, 2:56 pm ET


STE-FOY, QUEBEC--Subject to approval of the appropriate authorities, Robex Resources Inc. agreed to issue a minimum of 750,000 units and up to 1,000,000 units by way of private placement, in all for a minimum amount of $157,500 and a maximum amount of $210,000. Each unit will consist of one common share and one non-transferable common shares purchase warrant. The units will be issued at a price of $0.21 each. Each warrant, with a maximum duration of 24 months, will permit the acquisition of one common share at a price of $0.30.

No commission will be payable on this placement.

The proceeds from the distribution will be used to develop a gold-bearing deposit on the Diangounte Property in Mali, West Africa.


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Contact:

Robex Resources Inc.
Stewart Robertson
Vice-president - Trenton, Ontario
Phone: [phone]
or
Robex Resources Inc.
Andre Vezina
V.-p. - business development - Quebec
Phone: [phone]
or
Robex Resources Inc.
Marcel Bedard
President
[e-mail]
Web site : www.robexgold.com

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