Global Green Matrix Corp.
TSX VENTURE : GGX
OTC Bulletin Board : GGXCF
BERLIN : A0LGDN
FRANKFURT : POZ

October 31, 2011 16:10 ET

Global Green Matrix Announces Debt Settlement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2011) - Global Green Matrix Corp. (TSX VENTURE:GGX)(OTCBB:GGXCF)(BERLIN:A0LGDN)(FRANKFURT:POZ) (the "Company") announces its intention to settle outstanding indebtedness of up to $450,000 through the issuance of common shares at deemed prices of $0.05625 per Common Share, subject to TSX Venture Exchange approval. The outstanding debt is comprised of management fees and consulting fees. A total of 8,000,000 Common Shares may be issued pursuant to the debt settlement.

Contact Information

  • Global Green Matrix Corp.
    Randy Hayward
    President and CEO
    (780) 554-1947