Core Viewpoint - Robex Resources Inc. has accelerated the expiry date of its 2024 Warrants due to a significant increase in its share price, reflecting positive developments in the company's operations and strategy [1][3][5] Summary by Sections Warrant Acceleration - The expiry date for the 2024 Warrants has been moved from June 27, 2026, to October 18, 2025, following an Acceleration Event where the volume weighted average trading price (VWAP) exceeded C$3.50 for ten consecutive trading days [1][2][3] - There are currently 57,759,921 2024 Warrants outstanding, and if all are exercised, the company expects to receive gross proceeds of approximately C$147.3 million [4] Company Strategy and Financial Outlook - The proceeds from the exercise of the 2024 Warrants will be utilized to fund exploration activities at the Kiniéro Gold Project, support the continued development of the Kiniero Mine, and provide flexibility for broader corporate initiatives in 2026 [5] - The first gold pour at the Kiniero project is scheduled for December 2025, with commercial production expected in Q1 2026, marking a transformative phase for the company [5]
Robex Announces Acceleration of Warrant Expiry Date
Globenewswire·2025-09-18 06:01