BioExx Announces Change of Name to BioExx Specialty Proteins Ltd.
30 Dezembro 2009 - 10:15AM
Marketwired
Bio-Extraction Inc. (TSX VENTURE: BXI) ("BioExx" or "the Company")
announced today that it has changed its name to BioExx Specialty
Proteins Ltd. Management has completed the name change, previously
approved by shareholders, to reflect its core protein business
focus and to formally adopt the name by which the Company is
generally known in the marketplace, "BioExx". The TSX Venture
Exchange has given its approval to the name change, and effective
at the opening on January 4, 2010 the common shares of the Company
will trade under the name BioExx Specialty Proteins Ltd. The
trading symbol of the Company will remain unchanged as "BXI", and
shareholders of the Company can trade existing shares without the
need to transfer any certificates into the Company's new name.
Concurrently with the name change, the name of the Company's
subsidiary which owns and operates its Saskatoon canola protein
production facility has been changed to BioExx Proteins of
Saskatoon Inc. The Company has also incorporated a North Dakota
subsidiary company, BioExx Proteins of North Dakota Inc., which
will construct, own, and operate the Company's facility to be
located in Minot, North Dakota. This is consistent with the
Company's organizational principle of having each production
facility owned and operated by a separate wholly owned
subsidiary.
About BioExx Specialty Proteins Ltd.
Headquartered in Toronto, Canada, BioExx is a leading technology
and industrial processing company focused on the extraction of oil
and high-value proteins from oilseeds for the global food,
beverage, and nutrition markets. BioExx's patented technology
allows for the use of significantly lower temperatures than
conventional methods in extracting the active ingredients and oils
from oilseeds, resulting in higher yields and higher-quality meal,
oils and proteins. BioExx's low energy requirements,
environmentally sound process, and high-yield production have the
potential to make a valuable contribution to global food and
protein supply. BioExx operates a commercial scale extraction
facility in Saskatoon, Saskatchewan, is in development stages on it
second plant in Minot, North Dakota and has a mission to construct
additional and larger processing facilities on a global basis. To
find out more about BioExx Specialty Proteins Ltd. (TSX VENTURE:
BXI), please visit www.bioexx.com.
The statements made in this press release include
forward-looking statements that involve a number of risks and
uncertainties. These statements relate to future events or future
performance and reflect management's current expectations and
assumptions. A number of factors could cause actual events,
performance or results to differ materially from the events,
performance and results discussed in the forward-looking
statements, such as the economy, generally, competition in its
target markets, the demand for BioExx's products, the availability
of funding, the efficacy of its technology, and the anticipated
costs of BioExx's plant construction and operation. These
forward-looking statements are made as of the date hereof and
BioExx does not assume any obligation to update or revise them to
reflect new events or circumstances. Actual events or results could
differ materially from BioExx's expectations and projections.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: BioExx Specialty Proteins Ltd.: Chris Schnarr Chief
Financial Officer (416) 588-4442 x111 cschnarr@bioexx.com Investor
Relations: Brisco Capital Partners Scott Koyich, President (403)
262-9888 scott@briscocapital.com
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