|By Marketwired .||
|January 10, 2014 08:30 AM EST||
QUEBEC CITY, QUEBEC -- (Marketwired) -- 01/10/14 -- Robex Resources Inc. (TSX VENTURE: RBX)(FRANKFURT: RB4) announces confirmation from the Bank of Africa (Mali) of a line of credit equivalent to $5.62 Million CDN for its operations in Mali.
"This line of credit will be used as necessary to facilitate our operations in Mali and bear an interest rate of 8% on funds used" said Georges Cohen President &CEO of Robex.
The TSX Venture Exchange or its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts no liability for the authenticity or accuracy of this release.
This press release contains statements that may constitute "forward-looking information" or "forward-looking statements" as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Robex Inc.'s ("Robex") control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated reserves, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Robex. The forward-looking information is based on the estimates and opinions of Robex's management at the time of the publication of the information and Robex does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.