Your vote is extremely important.
Your Board unanimously recommends that Kobex
Shareholders:
- Vote only the Kobex WHITE form of proxy AGAINST, and
WITHHOLD from, all of Kingsway's handpicked nominees and
resolutions
- Disregard the blue proxy and any other materials delivered
by Kingsway and not vote for any of Kingsway's handpicked
nominees
- Refrain from tendering any shares of Kobex to Kingsway's
coercive "mini-tender" offer
VANCOUVER, Oct. 23, 2015 /CNW/ - Kobex Capital Corp.
(TSX-V:KXM) (the "Company" or "Kobex") today
announced the filing of its Response Letter to Kobex Shareholders
dated October 22, 2015. This letter
provides Kobex shareholders with compelling reasons to stop
Kingsway Financial Services Inc. ("Kingsway") in its hostile
and self-serving attempt to take control of Kobex and its assets
and identifies a number of incomplete and misleading statements in
Kingsway's dissident communications.
The board of directors of Kobex (the "Board") urges Kobex
shareholders to review in detail the Response Letter to Kobex
Shareholders (reproduced below), which has been filed on SEDAR,
will be mailed to Kobex Shareholders, and will be available both
under the Company's profile at www.sedar.com and on the Company's
website at www.kobex-capital.com.
The Response Letter to Kobex Shareholders is available at
this address:
http://rejectkingsway.com/docs/press_release/pr-oct22.pdf.
Kobex Shareholders who have any questions, require information
in respect of this process, or require any assistance in executing
and submitting their WHITE form of proxy or voting
instruction form can contact D.F.
King at:
North American Toll Free Number: 1-800-301-3998
Outside North America, Banks,
Brokers and Collect Calls: 1-201-806-7301
Email: inquiries@dfking.com
North American Toll Free Facsimile: 1-888-509-5907
Facsimile: 1-647-351-3176
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; the composition of its board of
directors; and the feasibility, value and impact of Kingsway's
proposals and strategies for Kobex and the Board's belief that
these proposals and strategies are not in the best interests of
Kobex or its shareholders, and will destroy shareholder
value.
Forward-looking statements are based on certain factors and
assumptions regarding, among other things, market acceptance of
Kobex's corporate strategy and corporate endeavours and the success
of Kobex's announced corporate strategy and future transactions.
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 the 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 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.
SOURCE Kobex Capital Corp.