Robix Announces Proposed Private Placement

Robix Alternative Fuels Inc. ("Robix" or the "Corporation")(CNSX:RZX) is pleased
to announce that the Corporation intends to complete a non-brokered private
placement of up to 1,000,000 common shares of the Corporation at a price of
$0.25 per common share, for gross proceeds of up to $250,000.  


The Corporation may in certain circumstances pay a finder's fee of up to 10% of
the gross proceeds. The closing of the private placement is subject to
applicable regulatory approval, including approval of the Canadian National
Stock Exchange. The common shares issued in connection with the private
placement will be subject to a hold period of four months from the date of
closing. The proceeds from the private placement will be used for general
working capital purposes. 


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. 


Shares Issued & Outstanding - 5,954,466

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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Robix Alternative Fuels Inc.
Nathan Hansen
President & CEO
250-683-8957
nathan@robixfuels.com


Robix Alternative Fuels Inc.
Robin Ray
Chief Financial Officer
403-327-3094
robin@robixfuels.com
www.robixfuels.com

Robix Environmental Tech... (CSE:RZX)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024