VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2009) -
Kobex Minerals Inc. ("Kobex" or the "Company") (TSX VENTURE:KXM)(NYSE Amex:KXM) announces that effective October 26, 2009, the Company has sold 8,333,333 warrants of Blue Sky Uranium Corp. ("Blue Sky") that it had acquired as part of previous private placements (see Blue Sky news releases dated September 19, 2008 and October 29, 2008) for proceeds totalling $528,333.31 Canadian dollars. Kobex retains 8,333,333 common shares that it had acquired at $0.12 Canadian dollars per unit.
President Alfred Hills says, "Sale of these warrants reflects arrangements agreed to prior to our amalgamation on Sept. 30, 2009. Kobex believes that Blue Sky's recent exploration results and corporate news underscores Blue Sky as an exploration story in which Kobex is pleased to continue to hold a substantial position."
On behalf of the Board of Directors
KOBEX MINERALS INC.
Alfred Hills, President and CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
For more information, please contact
Kobex Minerals Inc.
Alfred Hills
President
604-688-9368
or
Kobex Minerals Inc.
Sam Yik
CFO
604-688-9368
604-688-9336 (FAX)
investor@kobexminerals.com
www.kobexminerals.com
http://www.marketwire.com/press-release/Kobex-Minerals-Inc-TSX-VENTURE-KXM-1065784.html
Edit - Link to Blue Sky Uranium Corp.
http://www.blueskyuranium.com/s/StockInfo.asp
kiwi
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM