Robix Alternative Fuels Inc.
CNSX : RZX
FRANKFURT : R0X

Robix Alternative Fuels Inc.

August 06, 2015 15:54 ET

Robix Announces Shares for Debt Private Placement

LETHBRIDGE, ALBERTA--(Marketwired - Aug. 6, 2015) - Robix Alternative Fuels, Inc. ("Robix" or the "Company") (CSE:RZX) (FRANKFURT:R0X) announced today that it settled outstanding indebtedness of $111,500 through the issuance of 446,000 common shares of the Corporation at a deemed price of $0.25 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 7, 2015.

About Robix Alternative Fuels

The Corporation is an "industrial products/technology" company, which has developed an oil spill recovery vessel with the capability to recover oil not only in rough and debris laden sea conditions but also in more contained environments such as lakes, rivers and tailings ponds. Robix has recognized a worldwide market opportunity for effective containment, recovery and disposal equipment, particularly in the oil spill protection industry. The business model is focused on Robix becoming a large-scale provider of services and/or equipment under licensing arrangements with other industry participants, wherein Robix will use its patented design solution.

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 Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Contact Information