Robex Resources ( (TSE:RBX) ) has shared an announcement.
Robex Resources Inc. has signed a US$130 million syndicated facility agreement with Sprott Resource Lending to finance the construction of the Kiniero Gold Project in Guinea. This agreement marks a significant step for Robex, as it secures the necessary funding to advance the project, with plans to list its shares on the Australian Securities Exchange. The facility includes favorable terms such as no mandatory gold hedging or royalties, and the issuance of bonus shares as additional compensation to the lender.
More about Robex Resources
Robex Resources Inc. is a company operating in the mining industry, primarily focused on gold production. The company is engaged in the development and construction of gold mining projects, with a market focus on expanding its operations in Guinea.
YTD Price Performance: 15.32%
Average Trading Volume: 40,239
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$388.9M
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