BIOX renegotiates short term debt while negotiating sale of remaining shares

In Canada, BIOX Corporation announced that the secured bridge note held by CFFI Ventures Inc. in the original aggregate principal amount of US$5,221,546 issued on January 1, 2017 as amended as of March 23, 2017 was further amended to extend the maturity date from June 30, 2017 to September 30, 2017. The Bridge Note extension is subject to regulatory approval.

BIOX also announced that, following lengthy discussions, it has received a non-binding offer from its principal shareholder group, FP Resources Limited, CFFI Ventures and certain of their affiliates for an acquisition transaction whereby the CFFI Group would acquire all of the outstanding common shares of the Company not owned by the CFFI Group for consideration of C$1.23 per share.