00:41:34 EDT Tue 21 Mar 2023
Enter Symbol
or Name

Robix Alternative Fuels Inc
Symbol RZX
Shares Issued 6,379,766
Close 2014-05-05 C$ 0.455
Recent Sedar Documents

ORIGINAL: Robix completes private placement at $585,892

2014-05-06 16:06 ET - News Release

Received by email:

File: Robix - News Release re closing of unit private placement May 2014.DOCX

May 6, 2014 - Lethbridge, AB:   Robix Alternative Fuels Inc. ("Robix" or the "Corporation") (RZX:CSE) announced today 
--->that it has increased the size of and closed its previously announced non-brokered private placement of units.  Robix 
--->issued 1,775,429 units at a price of $0.33 per unit, for gross proceeds of $585,892.  Each unit consists of one common
---> share and one common share purchase warrant.  Each warrant entitles the holder thereof to acquire one additional comm
--->on share at a price of $0.45 per share for a period of two years after the closing.  If, at any time, the closing pric
--->e of the common shares on the Canadian Securities Exchange is at least $0.54 for a minimum of 10 consecutive trading d
--->ays (whether or not trading occurs on all such days), the Corporation may, at its option, accelerate the expiry date o
--->f the warrants by giving written notice thereof to all holders of warrants, and, in such case, the warrants will expir
--->e on the date which is the earlier of: (i) the 30th day after the date on which such written notice is given by the Co
--->rporation; and (ii) the original expiry date.  
Finder's acting in connection with the private placement received aggregate fees of $44,681.93 and an aggregate amount
---> of 135,400 finder's warrants. Each finders warrant entitles the holder to purchase one common share at a price of $0.
--->33 for a period of two years after the closing.
Robin Ray, the Chief Financial Officer and a director of Robix, subscribed for 90,909 units and David Edwards, a direc
--->tor of Robix, subscribed for 22,272 units under the private placement. Robix has determined that exemptions from the v
--->arious requirements of Multilateral Instrument 61-101 are available for the issuance of the units (Formal Valuation - 
--->Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than 25% of Market Capitalizati
All securities issued in connection with the offering are subject to a hold period that expires on September 7, 2014. 
---> The net proceeds from the offering will be used to finance the Corporation's continuing capital program and for gener
--->al working capital purposes.
About Robix:
The Corporation is an "industrial products/technology" company, offering to investors a unique opportunity to particip
--->ate in a leading company in the business of ownership of patents, and their development from commercialization to worl
--->dwide expansion through various business arrangements.   Robix owns a Clean Ocean Vessel ("COV") patent, which is an o
--->il 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 equipmen
--->t provider under licensing agreements with other industry participants, wherein Robix will use its COV patented design
---> solution.
For more information please contact:
Robix Alternative Fuels Inc. 	 Website: www.robixfuels.com 
Nathan Hansen			or		Robin Ray
President & CEO				Chief Financial Officer
Tel: 250-683-8957				Tel: 403-327-3094
Email: nathan@robixfuels.com 			Email: robin@robixfuels.com

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 statemen
--->ts 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 forwar
--->d-looking information and a description of risk factors that may cause actual results to differ materially from forwar
--->d-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The co
--->mpany does not undertake to update any forward-looking information except in accordance with applicable securities law

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