Robix to issue common shares to settle C$198,198 of outstanding debt

Shares to be issued at 25% discount to Tuesday's closing share price

By Angela McDaniels

Tacoma, Wash., May 27 - Robix Alternative Fuels Inc. said it intends to settle C$198,198 of outstanding debt through the issuance of common shares at a deemed price of C$0.3675 per common share.

The price is a 25% discount to the company's C$0.49 closing share price on May 27.

The common shares will be subject to a four-month hold period, according to a company news release.

Robix is a Lethbridge, Alta.-based company in the business of owning patents and developing them from commercialization to expansion through various business arrangements. The intellectual property holder primarily targets green energy solutions and environmental protection products.

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