Brief: Robex Announces Business Combination With Sycamore Mining

Robex Resources

20/04/2022 14:36

April 20 (Reuters) - Robex Resources Inc  RBX.V :
    * ROBEX RESOURCES ANNOUNCES A BUSINESS COMBINATION WITH
SYCAMORE
MINING TARGETING ABOVE 200,000 OZ OF PRODUCTION BY 2024
    * ROBEX RESOURCES INC - PURCHASE PRICE PAYABLE THROUGH
ISSUANCE OF
A MAXIMUM OF 403.6 MILLION COMMON SHARES IN SHARE CAPITAL OF
ROBEX
    * ROBEX RESOURCES INC - ROBEX SHAREHOLDERS AND FORMER
SYCAMORE
SHAREHOLDERS WILL OWN, SUBJECT TO ADJUSTMENTS, RESPECTIVELY
59.78 % AND 40.22 % OF ROBEX
    * ROBEX RESOURCES INC - TRANSACTION IS AN ARM'S LENGTH
TRANSACTION
AND THERE ARE NO FINDER'S FEES PAYABLE

Source text for Eikon:  ID:nGNX2zfyT6 
Further company coverage:  RBX.V 

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