Ballantyne Strong Acquires Common Shares of Kobex Capital Corp.
Ballantyne Strong, Inc. (NYSE MKT: BTN), a holding company with diverse business activities focused on
serving the cinema, retail, financial and government markets, announces that as of May 19, 2016, it had acquired indirectly
ownership of an aggregate of 5,489,500 common shares (“Shares”) of Kobex Capital Corp. (TSX-V: KXM; OTCQB: KBXMF) (“Kobex”) on the
TSX-V market. This announcement is made by Ballantyne Strong to comply with certain legal requirements under Canadian securities
legislation respecting its ownership of securities of Kobex.
The Shares were acquired by Strong/MDI Inc., a wholly-owned subsidiary of Ballantyne Strong, and having a head office address at
1440 Rue Raoul Charette, Joliette, Quebec, J6E 8S7.
As a result of the acquisition of the Shares, Ballantyne Strong now, indirectly, beneficially owns and exercises control over
approximately 12% of the 45,481,387 issued and outstanding common shares of Kobex (as disclosed in Kobex’s Issuer Bid Circular
dated April 29, 2016). Ballantyne Strong paid Cdn$.6565 per Share for total consideration of Cdn$3,604,115.
Ballantyne Strong acquired the Shares for strategic purposes and may, depending on market and other conditions, increase or
decrease beneficial ownership, control or discretion over, shares or other securities of Kobex through market transactions, private
agreements or otherwise.
The head office of Kobex is located at Suite 1703, 595 Burrard Street, Vancouver, British Columbia.
Strong/MDI Inc. will file with the Canadian regulators within the prescribed period an early warning report providing details on
the acquisition. The report will be available on SEDAR. In addition, a copy of the report may be obtained by contacting Elise
Stejskal at the below number.
Ballantyne Strong, Inc.
Nate Legband, 402-829-9404
Chief Financial Officer
or
Elise Stejskal, 402-829-9423
Investor Relations
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