Robix Environmental Technologies, Inc.
CSE : RZX
CSE : RZX.CN
FRANKFURT : R0X

Robix Environmental Technologies, Inc.

April 05, 2017 18:43 ET

Robix Provides Corporate Update

LETHBRIDGE, ALBERTA--(Marketwired - April 5, 2017) - Robix Environmental Technologies, Inc. ("Robix" or the "Corporation") (CSE:RZX)(CSE:RZX.CN)(FRANKFURT:R0X) announced today that, further to its February 3, 2017 news release, and the settlement of an outstanding debt of Formation Fluid Management Inc., which company was acquired by Robix on October 7, 2016 (see Robix's October 11, 2016 news release), in connection with a change of control fee owing to Canaccord Genuity Corp. pursuant to a financial advisory letter, Canaccord has filed a statement of claim seeking payment of the amount of $250,000 plus GST owing pursuant to the settlement agreement between Robix and Canaccord.

About Robix:

Robix is focused on the worldwide market for oil containment, recovery and cleaning equipment specifically for the oil spill protection, oil production and water cleaning and purification industries. To that end, Robix has commercialized its C Series Clean Ocean Vessel and the P Series Stationary Platform; both are based on a patented revolutionary oil recovery technology. The C Series is a vessel that recovers oil in rough ocean waters, lakes, rivers and tailings ponds in virtually any conditions. The P Series is an oil recovery platform designed to accelerate oil recovery from settling ponds at production facilities. The Company also offers a suite of Hydro Cycle Water purification and cleaning products.

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

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