Kobex Minerals Inc.

Published : October 23rd, 2015

Kobex Capital Corp. Sets the Record Straight in its Response Letter to Kingsway's Dissident Communications

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Kobex Capital Corp. Sets the Record Straight in its Response Letter to Kingsway's Dissident Communications

Your vote is extremely important.

Your Board unanimously recommends that Kobex Shareholders:

  • Vote only the Kobex WHITE form of proxy AGAINST, and WITHHOLD
    from, all of Kingsway's handpicked nominees and resolutions
  • Disregard the blue proxy and any other materials delivered by Kingsway,br>and not vote for any of Kingsway's handpicked nominees
  • Refrain from tendering any shares of Kobex to Kingsway's coercive 'mini-tender' offer
Vancouver, British Columbia -- October 23, 2015 -- Kobex Capital Corp. (TSX-V:KXM) (the 'Company' or 'Kobex') today announced the filing of its Response Letter to Kobex Shareholders dated October 22, 2015. This letter provides Kobex shareholders with compelling reasons to stop Kingsway Financial Services Inc. ('Kingsway') in its hostile and self-serving attempt to take control of Kobex and its assets and identifies a number of incomplete and misleading statements in Kingsway's dissident communications.

The board of directors of Kobex (the 'Board') urges Kobex shareholders to review in detail the Response Letter to Kobex Shareholders (reproduced below), which has been filed on SEDAR, will be mailed to Kobex Shareholders, and will be available both under the Company's profile at www.sedar.com and on the Company's website at www.kobex-capital.com.

The Response Letter to Kobex Shareholders is available at this address: http://rejectkingsway.com/docs/press_release/pr-oct22.pdf.

Kobex Shareholders who have any questions, require information in respect of this process, or require any assistance in executing and submitting their WHITE form of proxy or voting instruction form can contact D.F. King at:

North American Toll Free Number: 1-800-301-3998
Outside North America, Banks, Brokers and Collect Calls: 1-201-806-7301
Email: [email protected]
North American Toll Free Facsimile: 1-888-509-5907
Facsimile: 1-647-351-3176

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; the composition of its board of directors; and the feasibility, value and impact of Kingsway's proposals and strategies for Kobex and the Board's belief that these proposals and strategies are not in the best interests of Kobex or its shareholders, and will destroy shareholder value.

Forward-looking statements are based on certain factors and assumptions regarding, among other things, market acceptance of Kobex's corporate strategy and corporate endeavours and 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 forwardlooking 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)
0.660+0.00%0.550-1.79%
TSX-V
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