/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED
STATES./
TORONTO, Aug. 27, 2018 /CNW/ - Malbex Resources Inc.
("Malbex" or the "Company") (TSX-V:MBG) is
pleased to announce the results of its annual general and special
meeting of shareholders held on August 16,
2018 (the "Meeting").
The Company put forward the following resolutions to be voted on
by the shareholders at the Meeting, all of which were approved: (i)
to elect the directors of the Company for the ensuing year; (ii) to
appoint MNP LLP, Chartered Accountants, as auditor of the Company
for the ensuing year and to authorize the directors of the Company
to fix the remuneration of the auditor; (iii) the ratification and
approval of the Share Option Plan; and (iv) a special resolution
approving the change of name of the Company from "Malbex Resources
Inc." to "COIN HODL INC".
The Company is taking steps to implement the name change and
will file a press release confirming the effective date in due
course.
Each of the directors elected at the Meeting, being Ben Cubitt, Josh
Crumb, Stefan Wieler, and
Justin Oliver, will hold office
until the next annual meeting of the Company or until their earlier
resignation or removal.
Further information with respect to the matters considered at
the Meeting can be found in the management information circular
dated July 18, 2018, which is
available under the Company's issuer profile at www.sedar.com.
A total of 3,419,992 common shares of the 14,654,730 common
shares of the Company that were outstanding as at the record date
were voted at the Meeting, representing 23.34% of such shares.
New Website
The Company is pleased to announce the unveiling of its new
website which can be accessed at https://www.coinhodlinc.com/. The
site includes information about the Company's investment strategy,
its management team and its regulatory filings. The website also
reflects the Company's recent change of business and change of
name.
DISCLAIMER & READER ADVISORY
Neither the 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 or has in any way approved or disapproved
of the contents of this press release.
Certain statements contained in this press release constitute
forward-looking information. These statements relate to future
events or future performance. The use of any of the words "could",
"intend", "expect", "believe", "will", "projected", "estimated" and
similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on the parties' current belief or
assumptions as to the outcome and timing of such future events.
Actual future results may differ materially. In particular, this
release contains forward-looking information relating to name
change, including obtaining necessary regulatory approvals. Various
assumptions or factors are typically applied in drawing conclusions
or making the forecasts or projections set out in forward-looking
information. Those assumptions and factors are based on information
currently available to the parties. The forward looking information
contained in this release is made as of the date hereof and the
parties are not obligated to update or revise any forward looking
information, whether as a result of new information, future events
or otherwise, except as required by applicable securities laws.
Because of the risks, uncertainties and assumptions contained
herein, investors should not place undue reliance on forward
looking information. The foregoing statements expressly qualify any
forward-looking information contained herein.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws and may not be offered or
sold within the United States or
to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available. Not for distribution to U.S.
Newswire Services or for dissemination in the United States. Any failure to comply with
this restriction may constitute a violation of U.S. Securities
laws.
SOURCE Malbex Resources Inc.