Robix Alternative Fuels Inc.

Robix Alternative Fuels Inc.

July 11, 2013 09:01 ET

Robix Announces Closing of Private Placement Financing

LETHBRIDGE, ALBERTA--(Marketwired - July 11, 2013) - Robix Alternative Fuels Inc. ("Robix" or the "Corporation") announced today that it has closed a non-brokered private placement offering of common shares at a price of $0.25 per share. The Corporation issued 556,000 common shares for gross proceeds of $139,000. The common shares issued in connection with the private placement are subject to a four month hold period that expires on November 10, 2013. The net proceeds from the offering will be used for general working capital purposes.

This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is 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 Corporation's disclosure documents on the SEDAR website at The Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Contact Information

  • Robix Alternative Fuels Inc.
    Robin Ray
    Chief Financial Officer
    (403) 327-3094