Global Green Matrix Corp. Completes $1.25 Million Financing
EDMONTON, ALBERTA--(Marketwire - Nov. 21, 2011) - Global Green Matrix Corporation ("Global Green" or the "Company") (TSX VENTURE:GGX)(OTCBB:GGXCCF)(BERLIN:A0LGDN)(FRANKFURT:POZ) announces that further to the Company's news release dated November 10, 2011, the Company has received conditional acceptance from the TSX-V and has closed its non-brokered private placement of 25,000,000 shares for Gross proceeds of $1,250,000.
All securities issued in the offering are subject to a 4 month hold period. Finder's acting in connection with the offering will receive aggregate fees in the amount of $67,637.00.
The Company intends to use a portion of the proceeds in its ongoing search for eco-friendly technologies and innovative solutions for municipal solid waste. Global Green is also exploring opportunities in oil waste disposal and reclamation. In addition some of the proceeds will be used for general working capital. |
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