Robex Resources Inc. (TSXV:RBX) entered into a share purchase agreement to acquire Sycamore Mining Ltd for approximately Ç100 million on April 19, 2022. Robex will acquire, directly and indirectly, 100% of the outstanding shares of Sycamore in exchange for a maximum aggregate of 403.6 million Robex Shares. The completion of the transaction is subject to the receipt by Robex of a NI43-101 technical report on the Kiniero Project and the acceptance of same by the TSX Venture Exchange, termination of employment agreements, audited financial statements. the approval of the Transaction by the Exchange, including the listing of the Robex Shares to be issued as consideration to the Sycamore shareholders. The transaction has been unanimously approved by the Board of Directors of each of Robex and Sycamore. The transaction is expected to close before end of Q2 2022 after the publication of a new NI 43-101 report. As of July 11, 2022, Robex and Sycamore continue to work to satisfy the remaining closing conditions for the Transaction. Closing is now expected to occur before end of Q3 2022. Jean-Philippe Buteau of Norton Rose Fulbright Canada LLP acted as legal advisor to Robex Resources.
Robex Resources Inc. (TSXV:RBX) completed the acquisition of Sycamore Mining Ltd for approximately Ç100 million on November 9, 2022.