Robex Resources Targets $55M in Public Offering

Robex Resources (TSE:RBX) has released an update.

Robex Resources Inc. has launched a public offering of over 25 million units at $2.17 each, aiming to raise approximately $55 million CAD, with plans to use the proceeds for its Kiniero Project development and other initiatives. The offering includes common shares and warrants, with an over-allotment option for the agents involved. The closing of the offering is anticipated by June 26, 2024, subject to necessary regulatory approvals.

For further insights into TSE:RBX stock, check out TipRanks’ Stock Analysis page.