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Robex Lodges Prospectus for IPO to Raise A$120M Ahead of ASX Listing

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Robex Resources Inc.
Robex Resources Inc.

Not for release to US wire services or distribution in the United States

Highlights:

  • Robex Resources has lodged a prospectus with the Australian Securities and Investment Commission (ASIC) for an Initial Public Offer to raise A$120M (before costs)

  • IPO is fully underwritten by joint lead managers, Euroz Hartleys Limited and Canaccord Genuity

  • It proposes to issue 38,585,209 CHESS Depository Interests (CDIs) at A$3.11 each (~C$2.73) under the IPO

  • Robex, a West African gold producer and developer listed on the TSX Venture Exchange (TSX-V) in Canada, expects to list on the Australian Securities Exchange (ASX) in early June 2025

  • Completion of the IPO will ensure development and construction of the Kiniero Gold Project, now fully funded through to first production, which is expected in late 2025

QUEBEC CITY, April 17, 2025 (GLOBE NEWSWIRE) -- West African gold producer and developer Robex Resources Inc (“Robex” or the “Company”) (TSX-V: RBX) is pleased to announce it has lodged a prospectus with the Australian Securities and Investment Commission (ASIC) for an Initial Public Offer (IPO) to raise A$120 million (before costs).

Robex is conducting the IPO as it proposes to list on the Australian Securities Exchange (ASX) in June 2025. It is offering up to 38,585,209 CHESS Depositary Interests (CDIs) at an issue price of A$3.11 each (~C$2.73), to raise A$120 million (before associated costs) (Offer). This represents a 14.8% discount to the last TSX Venture Exchange (TSX-V) closing price of C$3.20 as at 14 April, and a 10.3% discount to the five-day volume weighted average price (VWAP) on TSX-V of C$3.04. Each CDI will represent one underlying common share of Robex. The Prospectus will also enable the Company to comply with the admission requirements of Chapters 1 and 2 of the ASX Listing Rules, as part of its application for admission to the official list of ASX. The Offer is expected to open on 30 April 2025 and is expected to close on 2 May 2025 with the expected commencement of trading of CDIs on the ASX to be on around 3 June 2025. For more details on the Offer, please refer to Prospectus, a copy of which will be available on SEDAR+ at www.sedarplus.ca under Robex’s profile.

The Offer is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX-V and all applicable securities regulatory authorities. The Prospectus has not been filed with any securities commission in Canada and the CDIs may not be offered or sold within Canada or for the account of any Canadian residents except in transactions exempt from, or not subject to, the prospectus and registration requirements of applicable Canadian securities laws.