COURT APPROVAL GRANTED FOR BIOX CORPORATION’S PREVIOUSLY ANNOUNCED PLAN OF ARRANGEMENT
TORONTO, September 13, 2017 – BIOX Corporation (“BIOX” or the “Corporation”) (TSX: BX) today announces that the Ontario Superior Court of Justice has issued a final order approving the previously announced transaction pursuant to which 10293547 Canada Limited (the “Purchaser”), a wholly-owned indirect subsidiary of CFFI Ventures Inc. (“CFFI Ventures”) will acquire all of the issued and outstanding common shares of BIOX by way of plan of arrangement under the Canada Business Corporations Act (the “Arrangement”).
The Arrangement was previously approved by the shareholders of BIOX at a special meeting held on September 7, 2017.
BIOX expects that the Arrangement will be completed on September 26, 2017 following the fulfillment of certain closing conditions, not otherwise waived, which are customary in transactions of this nature.
About BIOX Corporation
BIOX is a renewable energy company that owns and operates 287.5 million litres of nameplate biodiesel production capacity at plants located in Houston, Texas and two facilities in southern Ontario. BIOX has an innovative, proprietary and patented production process that is capable of producing the highest quality, renewable, clean burning and biodegradable biodiesel fuel utilizing a variety of feedstocks – from pure seed oils to animal fats to recovered vegetable oils with no change to the production process. BIOX’s high quality biodiesel fuel meets North American
(ASTM D-6751) quality standards.