BIOX Corporation
TSX : BX

BIOX Corporation

November 03, 2014 11:51 ET

BIOX Appoints Director

TORONTO, ONTARIO--(Marketwired - Nov. 3, 2014) - BIOX Corporation (BIOX) (TSX:BX), a renewable energy company, is pleased to announce the appointment of Mr. Stanley Spavold to its Board of Directors.

Since 2002, Mr. Spavold has been Executive Vice President of Clearwater Fine Foods Incorporated ("CFFI"), a diversified holding company with major holdings in the seafood, telecommunications and biotechnology industries and with over $2.7 billion of assets under management. Working alongside the President, Mr. Spavold provides a broad financial management and oversight role to CFFI. Mr. Spavold joined CFFI after 15 years with McCain Foods Limited where he held various senior financial leadership roles.

Mr. Spavold has extensive public board experience and is currently a director of Clearwater Seafoods Incorporated (TSX:CLR) and is Chairman of its finance committee and a member of its corporate governance and audit committees. Stan has also served on the board of directors of a number of other public and private companies. Mr. Spavold graduated from Dalhousie University with a Bachelor of Commerce degree in 1981 and received his CA designation in 1983. In 2011, Stan received the FCA honorary designation from the Institute of Chartered Accountants of Nova Scotia. Mr. Spavold is active in a number of not-for-profit organizations in his community, having served as a Governor of Dalhousie University, Chairman of The Cobequid Hospital Foundation and Governor of the Tax Foundation of Canada.

"On behalf of the Board of Directors, we welcome Stan to our Board and the injection of new ideas, business expertise and leadership that come with his appointment," said David Colcleugh, Chairman of BIOX. "Stan's broad range of experience will complement our current Board of Directors and we look forward to his contributions."

About BIOX Corporation

BIOX is a renewable energy company that owns and operates a 67 million litre per year continuous flow biodiesel production facility in Hamilton, 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.

Forward-looking Statements

Certain statements in this press release constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, objectives or achievements of BIOX, or industry results, to be materially different from any future results, performance, objectives or achievements expressed or implied by such forward-looking statements. These statements reflect BIOX's current views regarding future events and operating performance, are based on information currently available to BIOX, and speak only as of the date of this press release. These forward-looking statements involve a number of risks, uncertainties and assumptions and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such performance or results will be achieved. Those assumptions and risks include, but are not limited to, the fact that BIOX's results of operations and business outlook are highly dependent on a mix of legislation and producer payment programs and tax credits and upon commodity prices, which are subject to significant volatility and uncertainty. Many factors could cause the actual results, performance or achievements of BIOX to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including factors described in this press release and those discussed in BIOX's publicly available disclosure documents, as filed by BIOX on SEDAR (www.sedar.com) except as updated herein. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, estimated or expected. Unless required by applicable securities law, BIOX does not intend and does not assume any obligation to update these forward-looking statements.To the extent any forward-looking statements herein constitute financial outlook, they were approved by management as of the date hereof and have been included to provide an understanding with respect to BIOX's financial performance and are subject to the same risks and assumptions referred to herein. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur and readers are cautioned that any financial outlook information contained in this news release should not be used for purposes other than for which it is disclosed herein.

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