TORONTO, ONTARIO--(Marketwired - Oct. 8, 2015) - Candax Energy Inc. ("Candax" or the "Company") announces that it has called a special meeting of shareholders to approve the statutory plan of arrangement with Geofinance N.V. (the "Arrangement") pursuant to which Candax will be taken private as announced on September 17, 2015.

The special meeting has a record date of October 6, 2015, and will be held at 9:00 a.m. (Toronto time) on November 12, 2015 at 36 Toronto Street, Suite 1000, Toronto, Ontario. The notice of meeting, information circular and form of proxy are available under the Corporation's profile at

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.


Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to the completion of the Arrangement on the terms as provided or at all, receipt of requisite shareholder and judicial approvals which are conditions of the Arrangement, and other matters which could arise with respect to a transaction of this nature. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law, and the reader is referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada at

Contact Information:

Candax Energy Inc.
Philip Maxwell
Chief Executive Officer