Global Green Matrix Corp. Completes Financing
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/07/12 -- Global
Green Matrix Corp. (TSX
VENTURE:GGX)(OTCBB:GGXCF)(BERLIN:A0LGDN)(FRANKFURT:POZ) ("GGX" or the
"Company") is pleased to announce that it has completed and received
approval for an additional 3,960,000 units at a price of $0.05 per
unit for gross proceeds of $198,000 in connection with its previously
announced private placement financing. When combined with the first
tranche, the Company will have issued a total of 5,440,000 units for
gross proceeds of $272,000.
The warrants are subject to an accelerated expiry stating that if at
any time, after the March 7, 2013 hold period has elapsed, the
closing price of the Company's common shares on the TSX Venture
Exchange exceeds $0.25 for any 10 consecutive trading days, the
warrant holder will be given notice that the warrants will expire 31
days following the date of such notice.
In connection with the second tranche, the Company will pay finder's
fees and commissions totalling $12,500 cash and 250,000 finder's
warrants, the finders warrants are issued under the same terms as
About Global Green Matrix Corp. (www.globalgreenmatrix.com)
Global Green Matrix Corp. provides environmentally sound solutions
for oilfield waste disposal and is primarily involved in the recovery
of reusable products from waste. With the acquisition of Intercept
Rentals, and a newly developed, safer, faster and cost effective frac
water heating technology, GGX will continue to focus its efforts on
supplying innovative products and technologies to the resource sector
in Canada and the USA.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
Global Green Matrix Corp.
250-247-8689 or 604-687-8855
Press spacebar to pause and continue. Press esc to stop.