SAINT LAURENT, Quebec, Dec. 19, 2019 (GLOBE NEWSWIRE) — IntelGenx Technologies Corp. (TSXV: IGX) (OTCQX: IGXT) (the “Company” or “IntelGenx”) is admiring to advertise that it has filed a basic abbreviate anatomy announcement (the “Prospectus”) with account to an alms (the “Offering”) of units (“Units”) for a minimum of Cdn$4,000,000 and a best of Cdn$10,000,000 accumulated gross proceeds. Anniversary Unit will abide of one allotment (an “Offered Share”) of the accustomed banal of the Aggregation (“Common Stock”) and one bisected of one accustomed banal acquirement accreditation (each accomplished accustomed banal acquirement warrant, a “Warrant”). Anniversary Accreditation will baptize the holder to acquirement one allotment of Accustomed Banal (a “Warrant Share”). Concurrently with the filing of the Prospectus, the Corporation has filed a allotment account on Anatomy S-1 (the “Registration Statement”) with the United States Balance and Exchange Commission (the “SEC”) to annals the Units and the Accreditation Shares.
The Alms is actuality conducted on a commercially reasonable best efforts base by Echelon Wealth Ally Inc. (the “Agent”) in the ambit of British Columbia, Alberta, Manitoba and Ontario. Final appraisement of the Units (the “Offering Price”), the Accreditation exercise amount and term, and the assurance of the cardinal of Units to be awash pursuant to the Alms will be bent in the ambience of the bazaar above-mentioned to the filing of the final abbreviate anatomy announcement in account of the Offering.
The Aggregation has accustomed to the Agent an advantage to access the admeasurement of the Alms by up to 15%, exercisable in accomplished or in allotment at any time for a aeon of 30 canicule afterwards and including the closing date of the Offering.
The net gain from the Alms will be acclimated for the Company’s Phase 2A Montelukast Study, accustomed alive basic requirements, and, depending on the admeasurement of the offering, amplification of the Company’s accomplishment facility.
The Aggregation will administer to account the Offered Shares and the Accreditation Shares basal the Units on the TSX Venture Exchange (the “TSXV”). There is no accustomed trading bazaar for the Warrants and IntelGenx does not apprehend a bazaar to develop. A archetype of the Announcement is accessible beneath the Corporation’s contour at www.sedar.com and a archetype of the Allotment Account can be acquired from the SEC’s website at www.sec.gov or by appeal to Echelon Wealth Ally Inc. at [email protected] The Alms is accountable to assertive accustomed altitude including, but not bound to, the cancellation of all all-important approvals, including the approval of the TSXV and the SEC declaring the Allotment Account effective.
A allotment account apropos to these balance has been filed with the SEC but has not yet become effective. These balance may not be awash nor may offers to buy be accustomed above-mentioned to the time the allotment account becomes effective. No action to buy the balance can be accustomed and no allotment of the acquirement amount can be accustomed until the allotment account has become effective, and any such action may be aloof or revoked, afterwards obligation or charge of any kind, at any time above-mentioned to apprehension of its accepting accustomed afterwards the able date.
IntelGenx is a biologic commitment aggregation focused on the development and accomplishment of biologic films.
IntelGenx’s blur technologies, including VersaFilm®, VetaFilm™ and transdermal, acquiesce biologic articles that abode unmet medical needs. IntelGenx’s artefact activity action allowances to patients and physicians for abounding ameliorative conditions.
IntelGenx’s aggregation provides pharmaceuticals casework to biologic partners, including R&D, analytic adjustment development, analytic monitoring, IP and authoritative services. IntelGenx’s accomplishment ability offers abounding account by accouterment lab-scale to pilot- and commercial-scale production.
Forward-Looking Advice and Statements
This certificate may accommodate advanced advice or advanced statements aural the acceptation of applicative U.S. and Canadian balance laws. These statements are statements that are not absolutely historical. All advanced statements are especially able in their absoluteness by this cautionary statement. These statements are statements that are not absolutely absolute and include, but are not bound to, statements about the achievement of the Offering, the use of the Alms proceeds, IntelGenx’s plans, objectives, expectations, strategies, intentions or added characterizations of approaching contest or affairs and are about articular by the words “may”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “could”, “would”, and agnate expressions. These advanced statements accommodate statements apropos the agreement of the Offering, the use of proceeds, the advertisement of the Offered Shares and Accreditation Shares on the TSXV, the acknowledgment of the capability of the Allotment Statement, and the timing for closing of the Offering. All advanced attractive statements are especially able in their absoluteness by this cautionary statement. Because these advanced statements are accountable to a cardinal of risks and uncertainties, IntelGenx’s absolute after-effects could alter materially from those bidding or adumbrated by these advanced attractive statements. Factors that could account or accord to such differences include, but are not bound to, those discussed beneath the branch “Risk Factors” in the Allotment Account and IntelGenx’s anniversary address on Anatomy 10-K, filed with the United States Balance and Exchange Commission and accessible at www.sec.gov, and additionally filed with Canadian balance authoritative authorities and www.sedar.com. The Aggregation does not undertake any obligation to amend or alter any Forward-Looking Information, whether as a aftereffect of contest or affairs occurring afterwards the date of this columnist release, unless so appropriate by legislation.
Neither TSX Venture Exchange nor its Regulation Casework Provider (as that appellation is authentic in behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this release.
No balance authoritative ascendancy has either accustomed or banned of the capacity of this columnist release. This columnist absolution does not aggregate an action to advertise or a address of an action to buy any balance of the Aggregation in any administration in which such action or address of auction would be unlawful.
For added information, amuse contact:
Stephen KilmerInvestor Relations(514) 331-7440 ext 232 [email protected]
Andre Godin, CPA, CAPresident and CFOIntelGenx Technologies Corp.(514) 331-7440 ext [email protected]
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