Global Green Matrix Corp.

July 13, 2010 16:21 ET

Global Green Matrix Corp. Announces Private Placement Closing

EDMONTON, ALBERTA--(Marketwire - July 13, 2010) - Global Green Matrix Corp. (TSX VENTURE:GGX) (the "Company") announced today that it has completed the closing of a non-brokered private placement, raising gross proceeds of $923,900. The proceeds from the private placement will be used primarily for business development and general working capital. The private placement consisted of the issuance of 15,398,333 units ("Units") at $0.06 per Unit. Each Unit consisted of one common share and one common share purchase warrant ("Warrant"). The Warrants are exercisable at a price of $0.10 for the first 12 months from the date of issuance thereof, and at a price of $0.20 for the next 12 months, and will expire July 13, 2012. The securities issued under the private placement are subject to a four-month hold period which expires November 14, 2010. The TSX Venture Exchange has conditionally accepted the private placement.

Global Green Matrix Corp. is focused on benefiting our planet by exploring and pursuing new environmentally sound technologies and opportunities, while creating significant value for our shareholders.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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