QUEBEC CITY, QUEBEC--(Marketwire - May 11, 2011) - Robex Resources Inc. (News - Market indicators)(FRANKFURT:RB4) acknowledges error in May 4th, 2011 press release called "Robex announces a non-brokered private placement for up to $2,000,000" where Robex said a third party received a finder's fee of $75,000 and 444,444 warrants which have the same characteristics as those issued under the private placement.
Instead, Robex paid as finder's fee to this person a sum of $120,000 and issued a total of 1,388,888 common share purchase warrants, each entitling to purchase one additional common share of Robex at $0.30 for a period of 3 years. These warrants are subject to an accelerated expiry if the common shares trade at a closing price equal or superior to $0.40 for 20 consecutive trading sessions. These securities are subject to a four-month hold period under applicable securities legislation and the policies of the TSX Venture Exchange.
Robex is sorry for any inconvenience it may have caused.