Brief: Oncosec Board Rejects Alpha Holdings “Proposal” And Announces New Special Meeting Date

OncoSec Medical Incorporated

16/01/2020 15:49

Jan 16 (Reuters) - OncoSec Medical Inc  ONCS.O :
    * ONCOSEC BOARD REJECTS ALPHA HOLDINGS “PROPOSAL” AND
ANNOUNCES
NEW SPECIAL MEETING DATE
    * ONCOSEC MEDICAL - BOARD HAS DETERMINED ALPHA HOLDINGS
PROPOSAL
CONVEYING PRELIMINARY FINANCING OFFER "IS NOT IN BEST INTERESTS
OF ALL SHAREHOLDERS"
    * ONCOSEC MEDICAL - SPECIAL MEETING FOR SHAREHOLDERS TO VOTE
ON
CGP/SIRTEX TRANSACTION WILL BE POSTPONED TO FEBRUARY 7, 2020
    * ONCOSEC MEDICAL - ONCOSEC COULD RUN OUT OF CASH IF FORCED
TO
WAIT FOR COMPLETION OF INVESTMENT PROVIDED FOR BY ALPHA
"PROPOSAL"
    * ONCOSEC MEDICAL- BELIEVES CGP/SIRTEX TRANSACTION - WHICH
WOULD
PROVIDE IMMEDIATE $30 MILLION IN FUNDING TO CO - IS "CLEARLY
SUPERIOR TO ALPHA'S PROPOSAL"

Source text for Eikon:  ID:nBwHJTwla 
Further company coverage:  ONCS.O 

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