Robix Announces Shares for Debt Private Placement
06 November 2017 - 10:54PM
Robix Environmental Technologies, Inc. (“Robix” or the
“Corporation”) (RZX:CSE) (Frankfurt:R0X) announced today
that it settled outstanding indebtedness of $90,000 through the
issuance of 3,000,000 common shares of the Corporation at a deemed
price of $0.03 per common share (the “Debt Settlement”). The
common shares issued in connection with the Debt Settlement are
subject to a hold period that expires on March 7, 2018.
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.
For more information please contact: Robix Environmental
Technologies, Inc.
Website: www.robixfuels.com
Robin Ray
President & CEO
Tel: 403-327-3094
Email:
robin@robixenvirotech.com
or
Peter TeunissenChief Financial OfficerTel: 587-438-5917Email:
peter@robixenvirotech.com
No stock exchange or any securities regulatory
body has reviewed the contents of this news release.
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