VANCOUVER, BC / CRWEPRESSRELEASE / September 21, 2015 / Kobex Capital Corp. (CVE:KXM) (the “Company” or “Kobex”) announces that its board of directors (the “Board”) received a shareholder requisition on September 17, 2015 requesting that the Company’s directors call a special meeting of the Company’s shareholders for the purpose of removing from office all of the existing directors of the Company and electing new directors in their place.
The shareholder making the requisition, namely Kingsway Financial Services Inc., claims that it owns approximately 13.24% of the outstanding common shares of the Company.
The Board is reviewing and considering the requisition with its professional advisors. It will respond appropriately in due course as provided under applicable law, at which time further disclosure will be forthcoming. In the meantime, there is no need for shareholders of the Company to take any action.
Kobex has retained Stikeman Elliott LLP as its legal advisors in connection with the requisition and related matters.
Certain information set forth in this document, including the statement that the Board of Kobex will review the requisition and will respond appropriately in due course, are considered forward-looking information, and necessarily involve risks and uncertainties, certain of which are beyond Kobex’s control. Such risks include but are not limited to delays in reviewing the requisition and delays in updating shareholders within the time periods contemplated herein. Actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do, what benefits Kobex will derive therefrom. With respect to forward-looking information contained herein, Kobex has made assumptions regarding the anticipated timing for the review of the requisition and the current intentions of the Board with respect to updating shareholders. Furthermore, the forward-looking information contained in this document is made as of the date of this document, and Kobex does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities law.
For further information, please contact:
Kobex Capital Corp.
Philip du Toit, President and CEO
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: Kobex Capital Corp.