June 3, 2013 - Global Green Matrix Corporation ("GGX" or the "Company") - TSX Venture: Global Green announces that it has closed on the first tranche of a non- brokered private placement for gross proceeds of up to $3,000,000. The offering consists of common shares in the Company offered at a price of $0.075 per share. The Company has received gross proceeds of $600,000 for the first tranche.
The shares will be subject to a four month hold period from the date of closing. On receiving approval the Company may also pay a finder's fees of up to $60,000 cash to qualified finders.
The closing of the first tranche of the private placement is subject to approval by the TSX Venture Exchange.
The Company will proceed with the balance of the offering and intends to use the proceeds to finance 3 new frac water heating units (the "Units") used in the work performed by its subsidiary Intercept Rentals. The estimated cost of the units is $2.1 million with the balance to be used for working capital.
About Global Green Matrix Corp.
(www.globalgreenmatrix.com)Global Green Matrix Corp is an Oilfield Services Firm primarily focused on servicing oil and gas companies and their fracking operations. Through its wholly owned subsidiary, Intercept Rentals, the Company currently owns and operates one truck and one trailer mounted water-heating unit, called "Big Heat." Global Green rents these units to various oil and gas companies that require heated water for their fracking operations. The Company has plans to add an additional four heating units within the next few months.
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 info@globalgreenmatrix.com or contact:
Global Green Matrix Corp.
Randy Hayward, President
Phone: 250-247-8689 or 604-687-8855
Investor Relations and Communications
Buchalter Consulting
Toll free 1 866 631 6537 Fax: 604-628-5001
stan.buchalter@buchalterconsulting.ca
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