Robix Environmental Technologies, Inc.

Robix Environmental Technologies, Inc.

April 25, 2016 18:44 ET

Robix Announces Securities for Debt Private Placement and Grant of Options

LETHBRIDGE, ALBERTA--(Marketwired - April 25, 2016) - Robix Alternative Fuels, Inc. ("Robix" or the "Corporation") (CSE:RZX)(FRANKFURT:R0X) announced today that it has settled outstanding indebtedness of $95,000 through the issuance of 678,571 units at a price of $0.14 per unit (the "Debt Settlement"). Each unit consists of one common share and one common share purchase warrant. Each whole warrant entitles the holder thereof to acquire one additional common share at a price of $0.19 per share for a period of one year after the closing. All securities issued in connection with the Debt Settlement are subject to a four month hold period that expires on August 16, 2016.

Robix also announced that the Corporation, subject to regulatory approval, has granted incentive stock options to purchase a total of 415,811 common shares, at an exercise price of $0.21 per common share, to an officer, director and consultants of Robix. The options expire on April 19, 2019, in accordance with the Corporation's stock option plan. Robix has determined that exemptions from the various requirements of Multilateral Instrument 61-101 are available for the issuance of the options to the officer and director of the Corporation (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than 25% of Market Capitalization).

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.

No stock exchange or any securities regulatory body has reviewed the contents of this news release.

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