Now a cash distribution for the bagholders will be 0.50 range.
VANCOUVER, BC -- (Marketwired) -- 11/18/15 -- The board of directors (the "Board") of Kobex Capital Corp. (TSX VENTURE: KXM) (OTCQB: KBXMF) (the "Company" or "Kobex") today again wishes to thank its shareholders for their strong vote of confidence at the special meeting of shareholders held yesterday.
The Board has set a deadline of March 31, 2016 to carry out a strategic transaction or distribute its cash resources back to shareholders, in each case subject to shareholder approval.
If Kobex does not receive a proposal prior to the end of February 2016, which the Board believes will be advantageous to shareholders, the Board has resolved to take all necessary steps under applicable law to call a meeting of shareholders to consider the dissolution of the Company and a distribution of its assets to shareholders prior to the end of March 2016.