VANCOUVER, Canada, February 20, 2015 – Aequus Pharmaceuticals Inc. (the “Company” or “Aequus”) is pleased to announce that it has received a receipt (the “Receipt”) for a final prospectus filed with securities regulators in British Columbia, Alberta, Manitoba and Ontario (the “Jurisdictions”) on February 19, 2015 (the “Prospectus”). The receipt makes Aequus a reporting issuer in the Jurisdictions with all of the reporting requirements associated with that status.
The Company has applied to list its common shares (“Common Shares”) on the TSX Venture Exchange (“TSX-V”) and anticipates its Common Shares will trade under the trading symbol “AQS”. The listing of the Common Shares is subject to the Company fulfilling all of the listing requirements and the approval of the TSX-V. “To begin trading on the TSX-V is a major milestone for Aequus, and becoming a reporting issuer is a significant step toward achieving that milestone,” said Doug Janzen, President and CEO of Aequus. “Once we are publicly traded, we will be able to access larger pools of capital which will enable us to aggressively grow our business.”
Previously, on November 20, 2014, the Company issued a total of 7,618,780 special warrants (the “Special Warrants”) and 425,521 agents’ special warrants (the “Agents’ Special Warrants”) of the Company. Pursuant to the terms of the Special Warrants and Agents’ Special Warrants, as a result of the Company receiving the Receipt each Special Warrant and Agents’ Special Warrant will be deemed to be exercised for no additional consideration. Each Special Warrant will be exercised into one unit (“Unit”) consisting of one Common Share and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire an additional Common Share at a purchase price of C$0.75 during the period ending 24 months from closing. Each Agents' Special Warrant will be exercised into one agent warrant which will be exercisable to acquire one Unit at a price of C$0.55 per agent warrant for a period of 24 months from closing.
About Aequus Pharmaceuticals Inc.
Aequus Pharmaceuticals Inc. is a Vancouver-based specialty pharmaceutical company focused on enhancing delivery methods for approved drugs and select consumer products that are limited by non-compliance, high frequency dosing, first-pass metabolism side-effects, painful injections, or where the therapeutic profile can be improved by making a long-acting alternative available.
FORWARD-LOOKING STATEMENT DISCLAIMER
This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential” and similar expressions. Forward- looking statements are necessarily based on estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as the factors we believe are appropriate. Forward-looking statements include but are not limited to statements relating to: the implementation of our business model and strategic plans; revenue growth trends into the future; expected timing for product launches; the Company’s expected revenues; the regulatory approval of its products; the Company’s ability to attract international partners; and ongoing discussions with and the Company’s ability to secure potential partners to further grow our product portfolio. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Aequus, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements. In making the forward looking statements included in this release, the Company has made various material assumptions, including, but not limited to: obtaining regulatory approvals; general business and economic conditions; the Company’s ability to successfully out license or sell its current products and in-license and develop new products; the assumption that the Company’s current good relationships with third parties will be maintained; the availability of financing on reasonable terms; the Company’s ability to attract and retain skilled staff; market competition; the products and technology offered by the Company’s competitors; the impact of the coronavirus (COVID-19) on the Company’s operations; and the Company’s ability to protect patents and proprietary rights. In evaluating forward looking statements, current and prospective shareholders should specifically consider various factors set out herein and under the heading “Risk Factors” in the Company’s Annual Information Form dated April 30, 2021, a copy of which is available on Aequus’ profile on the SEDAR website at www.sedar.com, and as otherwise disclosed from time to time on Aequus’ SEDAR profile. Should one or more of these risks or uncertainties, or a risk that is not currently known to us materialize, or should assumptions underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this release and we do not intend, and do not assume any obligation, to update these forward-looking statements, except as required by applicable securities laws. Investors are cautioned that forward-looking statements are not guarantees of future performance and are inherently uncertain. Accordingly, investors are cautioned not to put undue reliance on forward looking statements.