VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 23, 2016) - Itasca Capital Ltd. (TSX VENTURE:ICL) (the "Company" or "Itasca") is pleased to announce that effective today, June 23, 2016, the Company has changed its name from "Kobex Capital Corp." to "Itasca Capital Ltd." and effective today, will commence trading on the TSX Venture Exchange under the name Itasca Capital Ltd. and under the symbol "ICL". Itasca's new ISIN is CA4654481080 and its CUSIP number is 465448108.

The Company is also pleased to announce that Kyle Cerminara has been appointed as a director of the Company. Mr. Cerminara is the Chairman and CEO of Ballantyne Strong, Inc. and is also CEO, Co-Founder & Partner of Fundamental Global Investors, an SEC registered investment advisor that manages equity and fixed income hedge funds. Mr. Cerminara is also Co-Chief Investment Officer of Capital Wealth Advisors, a wealth advisor and multi-family office affiliated with Fundamental Global Investors. Cerminara is on the Board of Directors of blueharbor bank, a publicly traded community bank in Mooresville, NC. Mr. Cerminara is also on the Board of Directors of Relm Wireless, a publicly traded radio manufacturer headquartered in West Melbourne, Florida. Mr. Cerminara's previous experience includes roles as a Portfolio Manager at Sigma Capital Management, Director and Sector Head of the Financials Industry at Highside Capital Management, Portfolio Manager and Director at CR Intrinsic Investors, Vice President, Associate Portfolio Manager and Analyst at T. Rowe Price, and Analyst at Legg Mason.

Larry G. Swets, Jr., Chief Executive Officer and Chairman, stated: "On behalf of the Company's board of directors, we welcome Kyle Cerminara as a director and believe that his valuable experience will be a great contribution to the Company."

Neither of the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.