NewsPress Releases

Robex Resources provides an update on the Sycamore Transaction

Robex Resources Inc. and Sycamore Mining Ltd have provided an update on the previously announced acquisition (the “Transaction”) of all of the shares of Sycamore.

As of today, Robex and Sycamore continue to work to satisfy the closing conditions for the Transaction. Personal Information Forms for directors and officers of Sycamore who will remain after closing of the Transaction have been filed with the TSX Venture Exchange Inc. (the “Exchange”) Audited financials and other required financial information for Sycamore and a National Instrument 43-101 Technical Report on the Kiniero property are currently being prepared by the parties.

Robex is also completing the transaction documentation and other required information for submission to the Exchange. Once all the documentation is complete, the Company will submit an application to the Exchange for final approval of the Transaction. Closing is still expected to occur before end of Q2 2022 after the publication of a new NI 43-101 report and satisfaction of the other conditions precedent to closing.

About Sycamore Mining

Sycamore Mining is a Cyprus-based mining company focused on developing mining and mineral projects which currently owns an interest in two projects: (1) the Kiniero Project located in the Republic of Guinea held through its wholly-owned subsidiary Sycamore Mine Guinee SAU which includes a group of licenses and exploitation permits referred to as Kiniero and an option over an exploration license referred to as Mansounia, together forming the Kiniero District and (2) the Lomati Gold Mine located in the Kingdom of Eswatini (formerly Swaziland) which will be disposed as a condition precedent to closing.

About Robex Resources Inc.

Robex Resources Inc. is a TSX-V listed Canadian mining company with exploration properties in Mali and an operating mine. The group has a strong business model, which demonstrated great results with the Nampala mine. With this experience, Robex is now striving to grow in West Africa by acquiring and/or developing new mines.

Leave a Reply

Your email address will not be published.

Related Articles

Back to top button