Global Green Matrix Announces Debt Settlement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2011) - Global Green Matrix Corp. (TSX VENTURE:GGX)(OTCBB:GGXCF)(BERLIN:A0LGDN)(FRANKFURT:POZ) (the "Company") announces its intention to settle outstanding indebtedness of up to $450,000 through the issuance of common shares at deemed prices of $0.05625 per Common Share, subject to TSX Venture Exchange approval. The outstanding debt is comprised of management fees and consulting fees. A total of 8,000,000 Common Shares may be issued pursuant to the...continued GGX:CA GGXCF

URL: http://www.investorpoint.com/news/OTCBULLB/45700729/