BioExx Receives Final Approval to Commence Trading on TSX
January 20 2010 - 7:00AM
Marketwired
BioExx Specialty Proteins Ltd. (TSX VENTURE: BXI) ("BioExx" or "the
Company") is pleased to announce that it has completed all
prerequisite filings pursuant to its conditional Toronto Stock
Exchange ("TSX") listing approval announced on January 11, 2010.
Final approval has been received from the TSX and the Company's
common shares are scheduled to commence trading on the TSX at the
opening of the market on Friday, January 22, 2010. The common
shares of the Company will continue to trade under its present
symbol "BXI".
"The graduation to the TSX represents a significant milestone in
the development of our company and we would like to thank all of
our shareholders and supporters for their continued trust and
confidence in our efforts," said BioExx CEO, Chris Carl.
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 uses patented technology that utilizes significantly
lower temperatures than conventional methods for extracting the
final quantities of oil necessary to enable its simplified and
patent-pending methods for separating proteins from oilseeds.
Without the extraction of virtually all of the oil at low
temperatures, and in the manner developed by BioExx, the protein
separation methods would not work. It is the combination of these
proprietary processes that has enabled BioExx to develop product
profiles that do not infringe either on methods or product profiles
developed by others. Through its extensive research and development
work, together with an exhaustive review of published and prior
art, BioExx is confident that all of its processes and resulting
products are unique in the marketplace.
Relative to other commercial processes, the low temperature
BioExx process results in comparatively low energy requirements,
environmentally sound extraction and protein separation processes,
and very high human food yield that cumulatively have the potential
to make a highly valuable contribution to global food and protein
supply while maintaining an excellent environmentally sustainable
footprint.
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
www.bioexx.com Investor Relations: Brisco Capital Partners Scott
Koyich President (403) 262-9888 scott@briscocapital.com
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