Robix Alternative Fuels Inc.

August 03, 2012 12:20 ET

Robix Announces Shares for Debt Private Placement

LETHBRIDGE, ALBERTA--(Marketwire - Aug. 3, 2012) - Robix Alternative Fuels Inc. ("Robix" or the "Corporation") announced today that it settled outstanding indebtedness of $105,500 through the issuance of 1,055,000 common shares of the Corporation at a deemed price of $0.10 per common share (the "Debt Settlement"). The common shares issued in connection with the Debt Settlement are subject to a four month hold period that expires on December 4, 2012.

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

  • 1611985 Alberta Ltd.
    Robin Ray
    Chief Financial Officer
    (403) 327-3094