Global Green Matrix Corporation ("Global Green" or the "Company") - TSX Venture: GGX - is pleased to announce the completion of the second tranche of its previously announced non-brokered private placement (see NR of January 25, 2013) for a total of 1,500,000 units representing gross proceeds of $75,000. Each unit consists of one share and one share purchase warrant, with each warrant exercisable to acquire an additional share until four months from the closing date. The warrants are subject to an accelerated expiry stating that if at any time, after the standard 4 month hold period, 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.
The closing of the private placement is subject to approval by the TSX Venture Exchange.
On closing, and when combined with the previous tranche, the Company will have issued a total of 3,400,000 units for gross proceeds of $170,000. On receiving approval the Company may also pay a finder's fee of $7,500 cash and 150,000 finder's warrants holding the same terms as stated above in connection with the second tranche.
About Global Green Matrix Corp. (www.globalgreenmatrix.com)
Global Green Matrix Corp. is an Oilfield Service Firm focused primarily on owning and operating truck and trailer mounted heating units. The company rents its units to oil and gas companies, that use the highly efficient heating units to heat water for fracking operations. GGX now has two units with plans to add six more units by fall of 2013.
ABOUT INTERCEPT RENTALS: (www.interceptrentals.com )
Intercept Rentals is a registered trade name of 1503866 Alberta Ltd., a wholly owned subsidiary of Global Green Matrix Corp. The subsidiary company has obtained the exclusive right to own and operate a new patent pending technology that provides a highly efficient and safe method of heating water used by oil companies in their fracking operations.
For further information visit our website at www.globalgreenmatrix.com, email at email@example.com or contact:
Randy Hayward, President
Global Green Matrix Corp.
Phone: 250-247-8689 or 604-687-8855
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 Release
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