|By Marketwired .||
|May 27, 2014 06:35 PM EDT||
LETHBRIDGE, ALBERTA -- (Marketwired) -- 05/27/14 -- Robix Alternative Fuels Inc. ("Robix" or the "Corporation") (CSE: RZX) announced today that it intends to settle outstanding indebtedness of $198,198 through the issuance of 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 will be subject to a four month hold period.
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.
Jan. 16, 2017 05:30 AM EST Reads: 1,059
Jan. 16, 2017 05:15 AM EST Reads: 1,488
Jan. 16, 2017 04:30 AM EST Reads: 4,465
Jan. 16, 2017 04:00 AM EST Reads: 3,685
Jan. 16, 2017 04:00 AM EST Reads: 5,242
Jan. 16, 2017 03:30 AM EST Reads: 5,205
Jan. 16, 2017 03:30 AM EST Reads: 2,826
Jan. 16, 2017 03:15 AM EST Reads: 5,710
Jan. 16, 2017 03:00 AM EST Reads: 2,359
Jan. 16, 2017 03:00 AM EST Reads: 1,182
Jan. 16, 2017 02:30 AM EST Reads: 3,895
Jan. 16, 2017 01:45 AM EST Reads: 2,648
Jan. 16, 2017 01:45 AM EST Reads: 6,132
Jan. 16, 2017 01:15 AM EST Reads: 4,143
Jan. 16, 2017 12:45 AM EST Reads: 1,910