VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 8, 2016) - Kobex Capital Corp. (TSX VENTURE:KXM) (the
"Company" or "Kobex") announced today the results of its substantial issuer bid to purchase for
cash and cancellation up to 40,809,178 common shares of Kobex (the "Kobex Shares") at a price of $0.655 per
Kobex Share (the "Offer").
The Offer expired at 5:00 p.m. (Toronto time) on June 6, 2016. Based on the report dated June 7, 2016 provided by the
depositary in respect of the Offer, 25,820,761 Kobex Shares had been deposited as at the expiration of the Offer (and not
withdrawn).
Pursuant to the terms of the Offer, Kobex has taken up 25,820,761 Kobex Shares at a price of $0.655. The aggregate
consideration for the Kobex Shares taken up and accepted for purchase and cancellation by the Company is
$16,912,598.46. Payment for such Kobex Shares will be made as soon as practicable following take-up by the Company and
otherwise in compliance with the Offer. Kobex Shares not validly deposited under the Offer will be returned to the
applicable shareholders as promptly as possible.
The Kobex Shares to be purchased under the Offer represent approximately 54.20% of the Kobex Shares issued and outstanding as
of June 6, 2016. After such purchase, approximately 21,810,626 Kobex Shares will remain outstanding.
Computershare Trust Company of Canada is the depositary in respect of the Offer. Kobex Shareholders may contact
Computershare toll free at 1-800-564-6253 or by e-mail at corporateactions@computershare.com for further information
regarding the Offer.
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 and 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 any 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 of the 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.