Brief: Intelgenx Announces Proposed Acquisition Of Laboval

Intelgenx Technologies

19/03/2018 12:15

March 19 (Reuters) - Intelgenx Technologies Corp  IGX.V :
    * INTELGENX ANNOUNCES PROPOSED ACQUISITION OF LABOVAL
    * INTELGENX TECHNOLOGIES CORP - DEAL FOR TOTAL CASH
CONSIDERATION
OF UP TO CA$5 MILLION
    * INTELGENX TECHNOLOGIES CORP - INTENDS TO FINANCE
ACQUISITION AND
RELATED FEES AND COSTS BY WAY OF PRIVATE PLACEMENT EQUITY
FINANCING
    * INTELGENX TECHNOLOGIES CORP - CO'S OBLIGATION TO CLOSE
ACQUISITION IS CONDITIONAL UPON CO RAISING AT LEAST US$10
MILLION UNDER OFFERING
    * INTELGENX - PROCEEDS RAISED IN ADDITION TO THOSE REQUIRED
FOR
DEAL WOULD BE USED TO FINANCE CO'S MONTELUKAST PHASE 2B CLINICAL
TRIAL, WORKING CAPITAL

Source text for Eikon:  ID:nGNX6Db0DV 
Further company coverage:  IGX.V 

 ((Reuters.Briefs@thomsonreuters.com;))