Mr. Nathan Hansen reports
ROBIX ANNOUNCES ELECTION OF NEW MEMBER OF THE BOARD OF DIRECTORS AND SHARES FOR DEBT PRIVATE PLACEMENT
Richard Carson was elected as a new director of Robix Alternative Fuels Inc. at the annual general and special meeting of shareholders held on May 30, 2014. Mr. Hansen, the current president and chief executive officer of Robix, commented: "The board of directors of Robix welcomes Rick Carson to the board of directors. His expertise in the marine industry is very key to the growth of the corporation. It is a natural step in the development of Robix going forward."
Robix settled outstanding indebtedness of $198,198 through the issuance of 539,314 common shares of the corporation at a deemed price of 36.75 cents per common share. The common shares issued in connection with the debt settlement are subject to a four-month hold period that expires on Oct. 3, 2014.
We seek Safe Harbor.
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