Robex Announces Filing of Final Short Form Base Shelf Prospectus

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

QUÉBEC CITY, July 20, 2023 (GLOBE NEWSWIRE) -- Robex Resources Inc. (TSXV: RBX) (“Robex” or the “Company”) announced today that it has filed, and obtained a receipt for, its final short form base shelf prospectus (the "Final Shelf Prospectus") from the securities commissions in each provinces and territories of Canada.

The Final Shelf Prospectus is valid for a 25-month period, during which time the Company may issue common shares, preferred shares, debt securities, warrants, subscription receipts, units, or a combination of such securities (collectively, the “Securities”), for an aggregate offering amount of up to C$250,000,000.

If any Securities are offered under the Final Shelf Prospectus, the particular terms and provisions of any such Securities and the intended use of the net proceeds resulting from such offering would be established at the time of any offering and would be described in a prospectus supplement filed with the applicable Canadian securities regulatory authorities at the time of such offering and would be made available by Robex. As of the date hereof, the Company expects to use of the proceeds of any specific offering and sale of Securities to fund part of the capital costs required to develop the Kiniero Project to the completion of construction and/or to pursue mergers and acquisitions opportunities, if and when they arise. Notwithstanding the foregoing, there can be no assurance that the Securities will be offered or sold during this 25-month period. The Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and, subject to applicable regulations, may include “at-the-market distributions” (as such term is defined in National Instrument 44-102 – Shelf Distributions), public offerings or strategic investments.

This news release does not constitute an offer to sell or the solicitation of an offer to buy Securities, nor will there be any sale of the Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under securities laws of any such jurisdiction. A copy of the Final Shelf Prospectus, and any shelf prospectus supplements that may be filed in the future, can be found under the Company's SEDAR profile at www.sedar.com. Copies of the documents incorporated in the Final Shelf Prospectus by reference may be obtained on request without charge from the Chief Executive Officer of Robex Resources Inc. at Édifice Le Delta 1, 2875 Laurier Boulevard, Suite 1000, Québec, Québec, G1V 2M2, (telephone: [phone]), and are also available electronically under the Company's SEDAR profile at www.sedar.com.