QUEBEC CITY, QUEBEC–(Marketwired – Nov. 13, 2015) – Robex Resources Inc. (“Robex” and / or “the Company”) (TSX VENTURE:RBX)(FRANKFURT:RB4) confirms that it has completed the amendment of the terms of 14 of the 15 convertible debentures, issued on November 21, 2013, which amended debentures having an outstanding principal amount of $11,790,000.
The amendments extend the debentures’ maturity date by two years, until November 21, 2018 and will allow the Company to (i) repay the convertible debentures, at any time before the maturity date and; (ii) defer the payment of interests until the amended maturity date, November 21, 2018, subject to an annual interest of 10%, compounded annually.
Robex obtained the final approval of the TSX Venture Exchange as of today, which was the only requirement for the completion of the previously announced amendments.
This press release contains statements that may constitute “forward-looking information” or “forward-looking statements” as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Robex’s control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated reserves, environmental risks (stricter regulations), unforeseen geological situations, unfavourable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Robex. The forward-looking information is based on the estimates and opinions of Robex’s management at the time of the publication of the information and Robex does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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