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Robex Announces Acceleration of Warrant Expiry Date
Globenewswire· 2025-09-18 06:01
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 approximately C$147.3 million in gross proceeds [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
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]
Onyx Gold Announces Warrant Acceleration and over $1 Million Exercised to Date
Newsfile· 2025-04-24 22:49
Core Points - Onyx Gold Corp. has announced the acceleration of the expiry of outstanding common share purchase warrants, originally issued on July 6, 2023, and amended on January 29, 2025 [1][2] - A total of 3,419,111 out of 7,143,999 warrants have been exercised, generating proceeds of $1,025,733, with 3,724,888 warrants remaining outstanding [1][2] - The expiry date of the warrants has been accelerated to May 24, 2025, following a closing share price exceeding $0.375 for 10 consecutive trading days [2] - The company anticipates that the remaining warrants will be exercised, potentially raising up to $2.14 million to support upcoming exploration efforts [3] - Onyx Gold is focused on exploration in established Canadian mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory [4] Company Overview - Onyx Gold is an exploration company with a portfolio that includes the Munro-Croesus Gold property and two additional exploration properties, Golden Mile and Timmins South [4] - The company also controls four properties in the Selwyn Basin area of Yukon Territory, which is gaining significance due to recent discoveries [4] - The management team is committed to creating shareholder value through responsible mineral exploration and capital allocation [4]