09:19:20 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Robix Environmental Technologies Inc
Symbol RZX
Shares Issued 55,933,690
Close 2017-02-23 C$ 0.27
Market Cap C$ 15,102,096
Recent Sedar Documents

Robix Environmental outlines Small Cap compensation

2017-02-24 12:25 ET - News Release

Mr. Nathan Hansen reports

ROBIX CLARIFIES TERMS OF AGREEMENT WITH SMALL CAP INVEST LTD.

Robix Environmental Technologies Inc. wishes to clarify the terms of agreement in reference to the announcement dated Feb. 23, 2017, that Robix has retained Small Cap Invest Ltd. (SCI), a Frankfurt-based business development and public relations firm, to provide the company with public relations and business development support in Germany and Europe.

The corporation has agreed to pay SCI $6,000 per month plus expenses for a six-month term, with the right to extend beyond this term. The company has also agreed to grant to SCI incentive stock options to purchase up to 200,000 common shares of the company at 27 cents per share, exercisable for a period of three years. These options are subject to vesting provisions pursuant to which 25 per cent of the options granted will vest in each quarter over 12 months.

About Robix Environmental Technologies Inc.

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.

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