Robix Alternative Fuels Inc.
CNSX : RZX

Robix Alternative Fuels Inc.

September 27, 2013 12:12 ET

Robix Announces Proposed Private Placement

LETHBRIDGE, ALBERTA--(Marketwired - Sept. 27, 2013) - Robix Alternative Fuels Inc. ("Robix" or the "Corporation")(CNSX:RZX) is pleased to announce that the Corporation intends to complete a non-brokered private placement of up to 1,000,000 common shares of the Corporation at a price of $0.25 per common share, for gross proceeds of up to $250,000.

The Corporation may in certain circumstances pay a finder's fee of up to 10% of the gross proceeds. The closing of the private placement is subject to applicable regulatory approval, including approval of the Canadian National Stock Exchange. The common shares issued in connection with the private placement will be subject to a hold period of four months from the date of closing. The proceeds from the private placement will be used for general working capital purposes.

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.

Shares Issued & Outstanding - 5,954,466

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.

Contact Information