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RZX Robix Environmental Technologies Inc

0.045
0.00 (0.00%)
01 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Robix Environmental Technologies Inc CSE:RZX CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.045 0.01 0.20 0 00:00:00

Robix Announces Election of New Member of the Board of Directors and Shares for Debt Private Placement

03/06/2014 2:15am

Marketwired Canada


Robix Alternative Fuels Inc. ("Robix" or the "Corporation")
(CSE:RZX)(FRANKFURT:R0X) announced today the election of Richard Carson as a new
director of Robix at the Annual General and Special Meeting of Shareholders held
on May 30, 2014. Mr. Hansen, the current President & CEO of Robix, commented,
"The Board of Directors of Robix welcomes Rick Carson to the Board of Directors.
His expertise in the marine industry is very key to the growth of the
Corporation. It is a natural step in the development of Robix going forward."


Robix also announced today that it settled outstanding indebtedness of $198,198
through the issuance of 539,314 common shares of the Corporation at a deemed
price of $0.3675 per common share (the "Debt Settlement"). The common shares
issued in connection with the Debt Settlement are subject to a four month hold
period that expires on October 3, 2014.


About Robix:

The Corporation is an "industrial products/technology" company, offering to
investors a unique opportunity to participate in a leading company in the
business of ownership of patents, and their development from commercialization
to worldwide expansion through various business arrangements. Robix owns a Clean
Ocean Vessel ("COV") patent, which is an oil spill recovery vessel design with
the capability to recover oil in rough and debris laden sea conditions. Robix
has recognized a worldwide market opportunity for effective containment,
recovery and disposal equipment, particularly in the oil spill protection
industry, and it proposes to develop a business model as a service provider,
and/or equipment provider under licensing agreements with other industry
participants, wherein Robix will use its COV patented design solution.


No stock exchange or any securities regulatory body has reviewed the contents of
this news release.


This news release may contain certain forward-looking information. All
statements included herein, other than statements of historical fact, are
forward-looking information and such information involves various risks and
uncertainties. There can be no assurance that such information will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such information. A description of assumptions used to
develop such forward-looking information and a description of risk factors that
may cause actual results to differ materially from forward-looking information
can be found in the company's disclosure documents on the SEDAR website at
www.sedar.com. The company does not undertake to update any forward-looking
information except in accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Robix Alternative Fuels Inc.
Nathan Hansen
President & CEO
250-683-8957
nathan@robixfuels.com


Robix Alternative Fuels Inc.
Robin Ray
Chief Financial Officer
403-327-3094
robin@robixfuels.com
www.robixfuels.com

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