LETHBRIDGE, Alberta, Nov. 06, 2017 (GLOBE NEWSWIRE) -- Robix Environmental Technologies, Inc. (“Robix” or the “Corporation”) (RZX:CSE) (Frankfurt:R0X) announced today that it settled outstanding indebtedness of $90,000 through the issuance of 3,000,000 common shares of the Corporation at a deemed price of $0.03 per common share (the “Debt Settlement”).  The common shares issued in connection with the Debt Settlement are subject to a hold period that expires on March 7, 2018.

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.

For more information please contact:
Robix Environmental Technologies, Inc.                
Website: www.robixfuels.com

Robin Ray                                                        
President & CEO                                                            
Tel: 403-327-3094                                                         
Email: robin@robixenvirotech.com                       

or

Peter Teunissen
Chief Financial Officer
Tel: 587-438-5917
Email: peter@robixenvirotech.com

No stock exchange or any securities regulatory body has reviewed the contents of this news release.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.