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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