Robix Appoints Former Newfoundland and Labrador Environment Minister Kevin Aylward as Strategic Advisor and Announces Shares ...
21 July 2014 - 8:30PM
Marketwired Canada
Robix Alternative Fuels Inc. ("Robix" or the "Corporation") (CSE:RZX) announced
today that it has appointed Kevin Aylward as a strategic advisor to the
Corporation. Mr. Aylward has significant experience and expertise in regulatory
and environmental affairs, government relations, investor relations and media
relations. Having served as Minister of the Environment with the Government of
Newfoundland and Labrador under Premier Brian Tobin, Mr. Aylward brings a wealth
of contacts and a comprehensive understanding of the environmental issues facing
the country, especially as it pertains to coastal regions. During his tenure as
Minister of the Environment, the Government of Newfoundland and Labrador
cultivated an offshore oil and gas industry that balanced wealth generation for
the Province with preservation and protection of the ocean and Newfoundland
coast. His experience has enabled him to develop extensive expertise in
negotiations/mediation both in the Public and Private Sector. In addition, Mr.
Alyward is currently the President and CEO/Director of NWest Energy Corporation,
a TSX-V listed company.
"As a successful businessman and advocate for the environment, Kevin is very
much aware of the need to balance sustainability with the ever increasing demand
for energy," commented Nathan Hansen, President and CEO. "We are delighted to
welcome him as an advisor to Robix and I look forward to working with him in the
coming months as we prepare to unveil our first commercial COV unit. I believe
Kevin's guidance and experience will be invaluable to the Company at this stage
of our development."
In addition, Robix intends to settle outstanding indebtedness of $510,000
through the issuance of 680,000 common shares of the Corporation at a deemed
price of $0.75 per common share (the "Debt Settlement"). The common shares
issued in connection with the Debt Settlement will be subject to a four month
hold period.
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.
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 statements 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 forward-looking information and a description of risk factors that
may cause actual results to differ materially from forward-looking information
can be found in the company's disclosure documents on the SEDAR website at
www.sedar.com. The company does not undertake to update any forward-looking
information except in accordance with applicable securities laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
Robix Alternative Fuels Inc.
Nathan Hansen
President & CEO
250-683-8957
nathan@robixfuels.com
Robix Alternative Fuels Inc.
Robin Ray
Chief Financial Officer
403-327-3094
robin@robixfuels.com
www.robixfuels.com
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