Kobex Announces Results of AGM
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/21/11 -- Kobex Minerals Inc. ('Kobex' or the 'Company') (TSX VENTURE: KXM)(NYSE Amex: KXM) is pleased to announce the results of the Company's Annual General Meeting of Shareholders ('Meeting') held in Vancouver, British Columbia on June 20, 2010. The shareholders approved all motions put forth at the Meeting including the appointment of KPMG LLP, Chartered Accountants, as the Company's independent auditors, and the confirmation of the Company's Stock Option Plan.
The shareholders re-elected Roman Shklanka, Alfred Hills, James O'Rourke, Alexander Davidson, and Michael Atkinson to the Company's Board of Directors ('Board').
Former director Stuart 'Tookie' Angus did not stand for re-election and the Board would like to thank Mr. Angus for his service to the Company.
Kobex is a Vancouver based publically traded mineral exploration company and is well funded with over $38 million of cash on hand and about $40 million in working capital. The Company is looking to acquire advanced projects that meet its criteria of established resources, competitive costs, and significant exploration potential. The Company also holds properties near Watson Lake in southeast Yukon, and is reviewing its alternatives for the properties given their exploration potential and the Territory's current favourable exploration climate.
On behalf of the Board of Directors
KOBEX MINERALS INC.
Alfred Hills, President and CEO
The TSX Venture Exchange and the NYSE AMEX have not reviewed and do not accept responsibility for the adequacy or accuracy of this news release.
Contacts:
Kobex Minerals Inc.
Alfred Hills
President
604-688-9368
Kobex Minerals Inc.
Samuel Yik
Chief Financial Officer
604-688-9368
604-688-9336 (FAX)
investor@kobexminerals.com
www.kobexminerals.com