QUEBEC CITY, Sept. 18, 2025 (GLOBE NEWSWIRE) -- West African gold producer and developer Robex Resources Inc. (“Robex” or the “Company”) (ASX: RXR | TSX-V: RBX | OTC: RSRBF | Börse Frankfurt: RB4) is pleased to announce the acceleration of the expiry date set for 27 June 2026 (the “Expiry Date”) relating to its listed common share purchase warrants issued on 27 June 2024 (the “2024 Warrants”). The 2024 Warrants were originally granted in connection with the Company’s equity financing, with each 2024 Warrant entitling the holder to acquire one common share of Robex at an exercise price of C$2.55.
Under the terms of the 2024 Warrants, Robex is entitled to accelerate the Expiry Date if the volume weighted average trading price (“VWAP”) and the closing price of the Company’s common shares on the TSX Venture Exchange equals or exceeds C$3.50 for a period of ten (10) consecutive trading days (an “Acceleration Event”). Further details of the 2024 Warrants were disclosed at section 8.5(a) of the Company’s Replacement Prospectus dated 8 May 2025.
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The Acceleration Event occurred between 2 September 2025 and 15 September 2025, during which time the VWAP and closing price of Robex’s common shares exceeded C$3.50 for ten (10) consecutive trading days. This acceleration follows a sustained increase in the Company’s share price and reflects continued progress in the development of the Kiniéro Gold Project in Guinea. As a result, the Company has elected to accelerate the Expiry Date of the 2024 Warrants to 5:30 p.m. (Toronto time) on 18 October 2025 (the “Accelerated Expiry Date”). Any 2024 Warrants that remain unexercised following the Accelerated Expiry Date will expire and be of no further force or effect.
As of the date of this announcement, there are 57,759,921 2024 Warrants outstanding. If all 2024 Warrants are exercised prior to the Accelerated Expiry Date, the Company expects to receive gross proceeds of approximately C$147.3 million.
2024 Warrant holders are encouraged to exercise their 2024 Warrants in accordance with the instructions provided in the notice of acceleration to be delivered to registered holders and available on the Company’s website.
Matthew Wilcox, Managing Director of Robex, commented:
“This marks a major milestone for Robex. The acceleration of the Warrants is a strong endorsement of our strategy and momentum, and it provides a timely opportunity to further strengthen our balance sheet. The expected proceeds will be used to fund exploration activities at Kiniero, support the continued development of the Kiniero Mine, and provide flexibility for broader corporate initiatives in 2026. With first gold pour at Kiniero scheduled for December 2025 and commercial production expected in Q1 2026, we are entering a transformative phase for the Company.”
