LETHBRIDGE, ALBERTA--(Marketwired - Aug. 25, 2016) - Robix Environmental Technologies, Inc. ("Robix" or the "Corporation") (CSE:RZX)(FRANKFURT:R0X) announced today that it has signed a Memorandum of Understanding ("MOU") with the James Smith Cree Nation ("JSCN") to form a partnership (the "Partnership").
The proposed transaction contemplates that Robix shall supply the licensing rights to certain intellectual property (the "technology"), as well as certain other services that will be supportive to the JSCN ongoing mandate. JSCN shall supply a number of operations personnel and administrative human resources that are required by the Partnership for its proposed business of emergency preparedness and disaster resilience planning, especially as it relates to oil spill emergency, protection of the environment from oil related disasters, and water quality monitoring and stewardship.
"The JSCN is one of the 12 First Nations in the Prince Albert region, which is the region that has been dramatically impacted by the recent Husky Energy oil spill," commented Nathan Hansen, President and CEO of Robix. "The JSCN's culture of environmental stewardship fits perfectly with Robix's oil spill recovery technology. We are already in advanced discussions and demonstrated application with the JSCN on a practical response to the Husky Energy oil spill which represents an immediate opportunity for our Partnership. It has been a pleasure to work closely in support of the JSCN leadership in their initiating an active incident command of the oil spill affecting their territory along the North Saskatchewan River."
Chief Wally Burns commented: "As a Sovereign Nation we are deeply concerned about the effects that this disaster has inflicted on our waters and our lands, and subsequently, upon or people. Our traditional way of life has been impacted by this disaster. Our right to practice our way of life, such as hunting on the Saskatchewan River for big game and waterfowl, fishing on the Saskatchewan River, gathering of medicines and roots, recreational activities such as swimming, hiking along the Saskatchewan River, and our trappers will be affected once winter arrives for another season, all of these are affected by this disaster. We must clean up this mess that was created by Husky Energy Inc., and as the keepers and the stewards of the lands and waters, we must do this to protect these rights for the future generations, those yet unborn. These lands are 'on loan' to us, and we must protect them for the future generations."
Both parties have agreed to negotiate a percentage ownership of the Partnership in accordance with applicable laws related to existing articles of the organizations proposing the Partnership, with the intent to share a 51/49 percentage arrangement in favor of JSCN, or such percentage that allows for each party to comply with applicable securities regulations, and other matters of law.
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.
The James Smith reserve was historically known as Fort-a-la-Corne. Situated near the banks of the North Saskatchewan River, Fort-a-la-Corne became a gathering place of many different First Nations. Later this area would become a gateway to the western regions of Canada. Trading posts would eventually become a common place with the Hudson Bay Company, Northwest Trading Co., as both French and English traders competed for the economic benefits of the fur trade. Along with fur trade came the inevitable settlement of the Europeans around the fertile lands we occupied. They founded their homesteads, built an infrastructure including churches, schools and supply centres, trading with the surrounding Indian peoples. Fort a la Corne became "home" to an Anglican Church which was built on the north side of the Saskatchewan River. Remnants of the church site exist today with its gravesite markings still visible.
No stock exchange or any securities regulatory body has reviewed the contents of this news release.
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward-looking statements in respect of the proposed Partnership and the private placement offerings. Although the Corporation believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Corporation can give no assurance that they will prove to be correct.
Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risk that the formal documentation effecting the Transaction is not completed or accepted. There is no certainty that a Definitive Agreement effecting the business combination will be completed or accepted. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements and information contained in this news release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.