QUEBEC CITY, April 22 /CNW Telbec/ - Robex Resources Inc. (TSX-V: RBX.V) announces the signing of an agreement with the company MI3 Communications Financières Inc. of Montreal. This agreement aims to increase the visibility of Robex with private investors, institutional firms and specialized analysists. The agreement is effective for a period of six (6) months and the monthly fees were set at $3,000. MI3 will be granted with 500,000 incentive options to purchase Robex common shares, 300,000 at an exercise price of $0.20 per share and 200,000 at an exercise price of $0.30 per share. These options are subject to the restrictions of the TSX Venture Exchange ("TSX-V") Policy 4.4.
In other news, Robex amended its stock option plan where the 18-month vesting requirement are removed and the common shares resulting from an option exercise will no longer be subject to a 4-month minimum hold period.(except if the exercise price of the stock option is based on a discounted price). These modifications comply with recent TSX-V rule changes. The Company does not increase the number of options available. Finally, it will possible for the Company to fix the exercise price at a discount price.
The above-mentioned transactions are subject to the approval of the TSX-V.
www.robexgold.com
For Robex Board of Directors:
Rolland Veilleux, Chairman
TSX Venture does not accept any responsibility for the content of this
news release.
ContactsInvestor Relations: André Gagné Vice-president
(418) 527-3588
a.gagne@robexgold.com
