12:18:44 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Kobex Capital Corp
Symbol KXM
Shares Issued 45,481,387
Close 2015-11-24 C$ 0.53
Market Cap C$ 24,105,135
Recent Sedar Documents

Kobex releases Q3 results, poison pill remains in force

2015-11-24 20:13 ET - News Release

Mr. Philip du Toit reports

KOBEX ANNOUNCES FINANCIAL RESULTS FOR THE THIRD QUARTER OF 2015

Kobex Capital Corp. has released its unaudited consolidated financial results for the third quarter ended Sept. 30, 2015.

Selected quarterly information

The attached table summarizes selected financial information for the three and nine months. 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 
                          Sept. 30,     Sept. 30,     Sept. 30,     Sept. 30,
                              2015          2014          2015          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

Shareholder update

Further to the press release dated Nov. 11, 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 Oct. 8, 2015, as amended Nov. 10, 2015, between the company and Computershare Investor Services Inc., and that such rights plan remains in full force and effect.

We seek Safe Harbor.

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