Parties
Company
Robex Resources Inc.
Company
SCP Resource Finance LP
Bank
BMO Nesbitt Burns Inc.
On June 19, 2024, Robex Resources Inc. announced an offering that raised $109,999,904 through the issuance of 50,691,200 units at $2.17 per unit. Each unit comprises one common share and one purchase warrant, with each warrant allowing holders to acquire an additional common share at $2.55, expiring two years post-issuance. The offering, expected to close on or about June 26, 2024, was led by SCP Resource Finance LP and BMO Nesbitt Burns Inc., with legal counsel from Norton Rose Fulbright Canada LLP (for Robex) and Fasken Martineau DuMoulin LLP (for the agents).
The funds will support the development of the Kiniero Project in Guinea, focusing on early-stage development, equipment procurement, and feasibility studies, alongside administrative expenses. After agent fees ($6.6 million) and offering expenses ($600,000), the net proceeds total approximately $102.8 million, with potential additional funds if the over-allotment option is exercised.
Deal Type
Public/Private OfferingIndustry
MiningTransaction
$ 109,999,904Deal Status
ClosedClosing Date
26 June 2024