NEWS RELEASEOTCBB: GGXCF
TSX.V: GGX
GLOBAL GREEN OBTAINS FINANCING FROM ROYAL BANK
June 19, 2013 - Global Green Matrix Corporation (“GGX” or the “Company”) – TSX Venture: Global Green announces that its wholly owned subsidiary 1503826 Alberta Ltd operating as Intercept Rentals has obtained an Equipment Lease credit facility in the total sum of $2.0 millionpursuant to a Royal Bank of Canada commitment letter with the Company dated May 13, 2013.
Global Green has agreed to provide a General Security Agreement, a specific charge on equipment with a value greater than $1.0 million, lease agreements with a specific charge on leased equipment and a Corporate Guarantee from Global Green. The interest rate for the equipment lease line of credit is stated to be in the range of 5% to 6%.
President and CEO, Randy Hayward states: “We are pleased that the Royal Bank of Canada is supporting our continued growthas an oilfield service business. This loan, along with the Company’s other fund raising efforts, will enable GGX to fulfill its goal of having a total of six heating units fully operational by October of this year.”
About Global Green Matrix Corp.
( 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:
( 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 email at or contact:
Global Green Matrix Corp. ORInvestor Relations and Communications
Randy Hayward, PresidentBuchalter Consulting
Phone: 250-247-8689 or 604-687-8855Toll free 1 866 631 6537 Fax: 604-628-5001 Email:
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
Suite 1720 – 1111 West Georgia Street, Vancouver BC V6E 4M3
Phone: 604-687-8855 Fax: 604-628-5001