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| Home : Robix Announces Proposed Securities for Debt Private Placement and Grant of Stock Options |
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Feb 19
2016 |
Robix Announces Proposed Securities for Debt Private Placement and Grant of Stock Options |
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LETHBRIDGE, ALBERTA--(Marketwired - Feb. 18, 2016) - Robix Alternative Fuels, Inc. ("Robix" or the "Corporation") (CSE:RZX) (FRANKFURT:R0X) announced today that it intends to settle outstanding indebtedness of $95,000 through the issuance of 678,571 units at a price of $0.14 per unit (the "Debt Settlement"). Each unit will consist of one common share and one common share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one additional common share at a price of $0.19 per share for a period of one year after the closing. All securities issued in connection with the Debt Settlement will be subject to a hold period of four months from the date of closing. |
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| Source:http://www.marketwired.com/mw/release.do?id=2098252&sourceType=3 |
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