Robex Announces Completion of Initial Public Offering

Core Viewpoint - Robex Resources Inc has successfully completed an initial public offering (IPO) on the Australian Securities Exchange (ASX), raising A$120 million (~C$104 million) through the issuance of 38,585,209 CHESS Depositary Interests (CDIs) at A$3.11 each [1][2][3] Group 1: IPO Details - The IPO was approved by the ASX, and trading of Robex's CDIs is expected to commence on June 5, 2025, under the code "RXR" [2] - The net proceeds from the IPO will be allocated to the development of the Kiniero Gold Project, financing costs, corporate costs, and working capital [3] - The underwriting agreement involves a cash commission of A$5.4 million (~C$4.8 million) to the joint lead managers [4] Group 2: Company Background - Robex is a West African gold production and development company, operating the Nampala mine in Mali since 2017 and advancing the Kiniero Project in Guinea [7] - The company aims to become a significant mid-tier gold producer in West Africa, focusing on safe and responsible operations [7] Group 3: Management Statements - The Managing Director and CEO, Matthew Wilcox, emphasized the IPO as a crucial milestone for the company and the Kiniero Gold Project, expressing optimism about meeting listing conditions and progressing towards production [5]