Kobex Minerals Inc.

Published : November 25th, 2015

Kobex Announces Financial Results For The Third Quarter Of 2015

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Kobex Announces Financial Results For The Third Quarter Of 2015

Vancouver, British Columbia - November 24, 2015 - Kobex Capital Corp. (TSX-V:KXM) (the 'Company' or 'Kobex') today announced its unaudited consolidated financial results for the third quarter ended September 30, 2015.

Selected Quarterly Information

The following table summarizes selected financial information for the three and nine months ended. Kobex had no operating revenue and did not declare or pay any dividend or distribution in the most recently completed financial reporting period.

Statements of Comprehensive (Loss) Income For the three months ended For the nine months ended
September 30 2015 September 30 2014 September 30 2015 September 30 2014
$ $ $ $
General and administrative expenses:
Share-based compensation (146,203) (1,728) (147,555) (7,833)
Directors' fees, salaries and benefits (61,601) (50,014) (132,213) (132,218)
Transfer agent, exchange listing and shareholder information (49,067) (23,825) (66,429) (51,870)
Consulting (34,977) (34,151) (104,929) (81,128)
Office and corporate administration (30,000) (30,000) (90,000) (90,000)
Professional fees (11,840) (27,323) (69,355) (64,996)
Rent and office costs (10,420) (29,674) (12,698) (97,759)
Interest income 71,470 102,572 243,477 389,946
Other (187) (76) (105) 212,767
(Loss) income for the period (272,825) (94,219) (379,807) 76,909
Change in fair market value of marketable securities (1,987,012) 490,000 (1,508,418) 600,000
Comprehensive (loss) income for the period (2,259,837) 395,781 (1,888,225) 676,909
Basic and diluted (loss) earnings per share (0.01) 0.00 (0.01) 0.00

The Company's financial position as at September 30, 2015 is summarized as follows:
Financial Position as at September 30 2015 December 31 2014
$ $
Cash and cash equivalents 27,786,978 28,747,489
Marketable securities 4,052,903 4,858,333
Other assets 49,868 40,934
Total assets 31,889,749 33,646,756
Current liabilities 75,046 87,434
Long-term liabilities - 3,949
Shareholders' equity 31,814,703 33,555,373
Total liabilities and shareholders' equity 31,889,749 33,646,756

Shareholder Update

Further to its press release dated November 10, 2015, the board of directors of Kobex also wishes to confirm that there has been no 'Flip-in Event' and the 'Separation Time' has not occurred under the shareholder rights plan of the Company, dated as of October 8, 2015, as amended November 10, 2015, between the Company and Computershare Investor Services Inc., and that such rights plan remains in full force and effect.

Forward-Looking Statements

Certain statements contained in this news release may constitute forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any anticipated results, performance or achievements expressed or implied by such forward-looking statements. The use of any of the words 'anticipate', 'continue', 'expect', 'may', 'will', 'would', 'project', 'should', 'believe', 'plan' and 'intends' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements may relate to Kobex's management's expectations, estimates and analysis with respect to its business strategy.

Forward-looking statements are based on certain factors and assumptions regarding, among other things, market acceptance of Kobex's corporate strategy and corporate endeavours; statements with respect to potential transactions and other strategic opportunities; statements with respect to dissolution of Kobex and distribution of all of its assets; and statements with respect to the success of Kobex's announced corporate strategy and future transactions. There can be no assurance that these assumptions will prove to be correct. Readers are cautioned that forward-looking statements included in this news release are not guarantees of future performance, and are also cautioned not to place undue reliance on forward-looking statements which involve known and unknown material risks and uncertainties that may cause our actual results, performance or achievements to be materially different from any anticipated results, performance or achievements expressed or implied in such forward-looking statements. These statements speak only as of the date of this news release. Kobex undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities law.

All of the forward-looking statements made in this news release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the anticipated results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Kobex.

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 news release.

For further information, please contact:

Kobex Capital Corp.
Philip du Toit, President and CEO
Tel: 647-818-2920

Read the rest of the article at www.noodls.com

Kobex Minerals Inc.

EXPLORATION STAGE
CODE : KXM.V
ISIN : CA49989C1059
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Kobex Minerals is a gold and copper exploration company based in Canada.

Kobex Minerals holds various exploration projects in Canada, in China and in Congo Dem. Rep. of.

Its main exploration properties are HUSHAMU (ISLAND COPPER), LUCKY JACK / MT EMMONS and MEL GROUP in Canada, SHITURU in Congo Dem. Rep. of and DULONG in China.

Kobex Minerals is listed in Canada and in United States of America. Its market capitalisation is CA$ 30.0 millions as of today (US$ 23.4 millions, € 20.6 millions).

Its stock quote reached its highest recent level on March 24, 2005 at CA$ 9.96, and its lowest recent point on August 10, 2012 at CA$ 0.43.

Kobex Minerals has 45 480 000 shares outstanding.

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Annual reports of Kobex Minerals Inc.
2008 Annual Report
Nominations of Kobex Minerals Inc.
9/23/2013Director Resignation
7/10/2013Board of Directors and Officers
6/14/2013Announces Director and Executive Resignations
3/14/2013Announces Appointment of New Directors
Financials of Kobex Minerals Inc.
4/1/2013Files 2012 Financial Results
Project news of Kobex Minerals Inc.
5/12/2008(Hushamu (island Copper))Options Hushamu Copper-Molybdenum-Gold Property from Western...
Corporate news of Kobex Minerals Inc.
3/31/2016Kobex Proposes to Initiate Substantial Issuer Bid and Provid...
11/25/2015Kobex Announces Financial Results For The Third Quarter Of 2...
11/4/2015Glass Lewis and ISS Both Recommend That Kobex Shareholders V...
11/4/2015Kobex Sets The Record Straight And Receives Support Of Indep...
10/30/2015ISS Recommends That Kobex Shareholders Vote Against Kingsway...
10/28/2015Kobex Capital Corp.'s Largest Shareholder Supports Current K...
10/23/2015Kobex Capital Corp. Sets the Record Straight in its Response...
10/21/2015Kobex Capital Corp. Board Recommends Shareholders Reject Kin...
10/16/2015Kobex Capital Corp. Cautions Shareholders to TAKE NO ACTION ...
10/9/2015Material Change Report
10/8/2015Kobex Capital Corp. Announces Adoption of Shareholder Rights...
10/8/2015Kobex Capital Corp. Files Management Information Circular fo...
9/30/2015Kobex Capital Corp. Schedules Requisitioned Special Meeting
9/21/2015Kobex Capital Corp. Receives Requisition from Kingsway Finan...
9/17/2015Kingsway Financial Services Inc. Requisitions Shareholder Me...
8/20/2015Grant of Options
8/19/2015Kobex Capital Corp. Announces Grant of Options
1/29/2015Resignation of Director
1/28/2015Kobex Capital Corp.: Resignation of Director
5/24/2013Announces Director Nominees for Annual General and Special M...
5/13/2013KXM - News Release
5/10/2013Announces Voluntary De-listing from the NYSE MKT Exchange
9/24/2012Signs MOU on Indonesian Nickel Laterite Property
6/22/2012News Release
4/18/2011Files Form 20-F Documentation
2/23/2011News Release
2/23/2011Confirms Transfer of Insider Position and Provides Update
7/2/2010Press Release Dated July 2, 2010
11/15/2007 Outlines Merger and Acquisition Objectives
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TSX-V (KXM.V)AMEX (KXM)
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