LETHBRIDGE, Alberta, Nov. 06, 2017 (GLOBE NEWSWIRE) -- 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 Teunissen
Chief Financial Officer
Tel: 587-438-5917
Email: peter@robixenvirotech.com
No stock exchange or any securities regulatory body has reviewed the contents of this news release.