Helix Biopharma Corp. Closes First Tranche of Private Placement

RICHMOND HILL, Ontario, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Helix BioPharma Corp. (TSX, FSE: a??HBPa??) (a??Helixa?? or the a??Companya??), an immuno-oncology company developing innovative drug candidates for the prevention and treatment of cancer, today announced it has closed a first tranche of a private placement financing for gross proceeds of CAD871,200. The Company expects to complete a second tranche of the private placement financing before the end of December.
The terms of the placement are for the purchase of units at $1.20 per unit. Each unit is comprised of one common share and one common share purchase warrant. Each common share purchase warrant will entitle the holder to purchase one common share at an exercise price of $1.50 and have an expiry of five years from the date of issuance.A  Helix intends to use the net proceeds of the private placement for working capital and research and development activities.ACM Alpha Consulting Management AG provided financial advisory services to Helix in connection with the private placement.About Helix BioPharma Corp.Helix BioPharma Corp. is an immuno-oncology company specializing in the field of cancer therapy. The company is actively developing innovative products for the prevention and treatment of cancer based on its proprietary technologies. Helixa??s product development initiatives include its novel L-DOS47 new drug candidate and Chimeric Antigen Receptor (a??CARa??) based cell therapies. Helix is currently listed on the TSX and FSE under the symbol a??HBPa??.Investor RelationsHelix BioPharma Corp.
9120 Leslie Street, Suite 205
Richmond Hill, Ontario, L4B 3J9
Tel: 905-841-2300
Email: ir@helixbiopharma.comCautionary StatementsThis news release may contain forward-looking statements and information (collectively, a??forward-looking statementsa??) within the meaning of applicable Canadian securities laws, including, without limitation, those relating to Helixa??s operations and strategy, its research and development activities and statements regarding the expected use of net proceeds of the private placement. Forward-looking statements, which may be identified by words including, a??without limitationa??, a??believea??, a??subject toa??, a??willa??, a??shoulda?? a??maya??, a??promisinga?? and other similar expressions, are intended to provide information about managementa??s current plans and expectations.Although Helix believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties that may cause actual results or events to differ materially from those anticipated and no assurance can be given that these expectations will be realized, and undue reliance should not be placed on such statements. Risk factors that could cause actual results or events to differ materially from the forward-looking statements include, without limitation, risks inherent in Helixa??s research and development activities and those risks and uncertainties affecting the company, as more fully described in Helixa??s most recent Annual Information Form, including under the headings a??Forward-Looking Statementsa?? and a??Risk Factorsa??, filed under Helixa??s profile on SEDAR at (together, the a??Helix Risk Factorsa??). Certain material factors or assumptions are applied in making the forward-looking statements, including, without limitation, that the factors described in the Helix Risk Factors will not cause Helixa??s actual results or events to differ materially from the forward-looking statements. These cautionary statements qualify all such forward-looking statements.Forward-looking statements and information are based on the beliefs, assumptions and expectations of Helixa??s management on the date of this news release, and Helix does not assume any obligation to update any forward-looking statement or information should those beliefs, assumptions or expectations, or other circumstances change, except as required by law.The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the a??U.S. Securities Acta??), or any state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, any U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless pursuant to an exemption from those registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any such securities of Helix BioPharma Corp. in the United States or any other jurisdiction.A 
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«    Май 2019    »