Robex Announces Change in the Position of President and Chief Executive Officer
QUEBEC CITY, QUEBEC -- (Marketwired) -- 05/09/13 -- Robex Resources Inc. ("Robex" or the "Corporation") (TSX VENTURE: RBX)(FRANKFURT: RB4) announces the appointment of Mr. George Cohen as President and Chief Executive Officer of the Corporation in replacement of Mr. Andre Gagne. The departure of Mr. Gagne and his replacement by Mr. Cohen are effective immediately. Mr. Cohen has also been appointed as director of the Corporation by the Board of Directors.
The presence of Mr. Cohen as President and Chief Executive Officer and director will be a major asset for the Corporation because of his qualities as seasoned manager and his vast experience. Mr. Cohen began his career in the Cap Gemini Group where he held several positions including Commercial Engineer, Sales Director, Managing Director and President and Chief Executive Officer of a major subsidiary of the Cap Gemini Group. In 1990, Mr. Cohen left Cap Gemini and founded Transiciel (SSII) where he became the President and Chief Executive Officer founder. In 2000, Transiciel became public and, in 2001, Transiciel was granted the "Trophee de la decennie de la meilleure entreprise" by the firm Bain. The selection was made over a total of 278,916 companies based on growth, profitability and sales revenue criteria. In 2003, Transiciel merged with Sogeti in Cap Gemini. Member of the executive committee of the Cap Gemini Group and President and Chief Executive Officer of the new Sogeti-Transiciel set (more than 20,000 employees), Mr. Cohen supervised this merger during 2 years and a half and eventually left the group to engage in personal activities of private equity.
Update on Filing of the Annual Disclosure Documents
Due to the delay in the filing of the audited annual financial statements, Chief Executive Officer and Chief Financial Officer certifications under Regulation 52-109 respecting Certification of Disclosure in Issuers' Annual and Interim Filings, management discussion and analysis and annual information form for the year ended December 31, 2012 of the Corporation (collectively, the "Annual Disclosure Documents"), the Autorite des marches financiers has prohibited any trading activity on the securities of Robex. The Corporation is using its best efforts in order to finalize and file the Annual Disclosure Documents as soon as possible.
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.
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.
Contacts:
Augustin Rousselet
Interim Chief Financial Officer
418-527-5023
info@robexgold.com
