Briacell Therapeutics Corp. Announces Shares for Debt Issuance
August 11 2020 - 01:51PM
BriaCell Therapeutics Corp. ("BriaCell" or the "Company")
(TSX-V:BCT) (OTCQB:BCTXF), a clinical-stage biotechnology
company specializing in targeted immunotherapy for advanced breast
cancer, announces that it has entered into a debt settlement
agreement (“
Debt Settlement”) with a creditor,
that has provided legal services to the Company, to extinguish, or
partially extinguish, certain of the Company's outstanding debts
owing to them in exchange for the issuance of common shares
("
Shares") of the Company. An aggregate of 50,000
Shares at a deemed price of C$7.48 per Share are proposed to be
issued to settle C$374,000 in debt owing to the creditors pursuant
to this Debt Settlement.
The completion of the Debt Settlement is subject
to the approval of the TSX Venture Exchange. All securities issued
pursuant to the Debt Settlement will be subject to a hold period of
four months and one day from the date of issuance, in accordance
with applicable securities legislation.
About BriaCell
BriaCell is an immuno-oncology focused
biotechnology company developing targeted and effective approaches
for the management of cancer.
For additional information on BriaCell, please
visit: https://briacell.com/.
Cautionary Note Regarding Forward-Looking
Information
Except for the statements of historical fact,
this news release contains "forward-looking information" within the
meaning of the applicable Canadian securities legislation (also
known as "forward-looking statements") which are subject to known
and unknown risks relevant to the Company in particular and to the
biotechnology and pharmaceutical industries in general,
uncertainties and other factors that may cause actual events to
differ materially from current expectation. These risks are more
fully described in the Company's public filings available at
www.sedar.com.
These forward-looking statements include, but
are not limited to, BriaCell’s plans, objectives, expectations and
intentions. Such forward-looking statements reflect BriaCell's
current beliefs and are based on information currently available to
management. Although the forward-looking statements contained in
this news release are based upon what BriaCell believes are
reasonable assumptions, there can be no assurance that actual
results will be consistent with these forward-looking
statements.
Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. The Company disclaims any
intention or obligation, except to the extent required by law, to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contact Information
For further information, please contact:
BriaCell Therapeutics
Corp.:William V. Williams, MDPresident & CEOPhone:
1-888-485-6340
BriaCell Therapeutics
Corp.:Farrah DeanManager, Corporate DevelopmentEmail:
farrah@BriaCell.com Phone: 1-888-485-6340
BriaCell Therapeutics (TSXV:BCT)
Historical Stock Chart
From Feb 2024 to Mar 2024
BriaCell Therapeutics (TSXV:BCT)
Historical Stock Chart
From Mar 2023 to Mar 2024