Robix Alternative Fuels Inc.

CNSX : RZX


Robix Alternative Fuels Inc.

September 05, 2014 09:01 ET

Robix Appoints Aylward to Board and Cancels Unit Private Placement

LETHBRIDGE, ALBERTA--(Marketwired - Sept. 5, 2014) - Robix Alternative Fuels Inc. ("Robix" or the "Corporation") (CSE:RZX) announced today that David Edwards has resigned from the Board of Directors and the Company has appointed Kevin Aylward as Director. Mr. Aylward is the former Minister of the Environment with the Government of Newfoundland and Labrador under Premier Brian Tobin and is currently a strategic advisor to Robix. His decision to join the Robix Board of Directors further solidifies his involvement with the Company.

"I would like to thank Dave for his valuable contributions to the Robix Board and I wish him much continued success," commented Nathan Hansen, President and CEO. "We are delighted to welcome Kevin Aylward onto the Board. I believe Kevin's guidance and experience will be complementary to the existing skill set of our Board of Directors."

In addition the Company announced that it is cancelling the proposed private placement originally announced on August 7th, 2014. Following discussions with its Board of Directors, management is pursuing other financing opportunities/structures.

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.

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.

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