Theralase® Announces Warrant Extension
September 29 2022 - 4:00PM
Theralase® Technologies Inc. (“
Theralase” or
“
Company”)
(
TSXV:TLT)(
OTCQB:TLTFF), a
clinical stage pharmaceutical company focused on the research and
development of light activated Photo Dynamic Compounds
(“
PDCs”) and their associated drug formulations
intended to safely and effectively destroy various cancers,
announces that the Company proposes to extend the expiry date of
3,157,059 share purchase warrants, all of which are exercisable at
$0.50 per share (collectively, the “
Warrants”).
The Warrants were issued on October 3, 2018
pursuant to a private placement involving the issuance of 3,157,059
units of the Company. The Warrants were previously amended to
extend the original expiry date of October 3, 2020 to October 3,
2022. Now, the Company proposes to extend the amended expiry date
of October 3, 2022 to October 3, 2023.
All other terms and conditions of the Warrants
will remain unchanged. The Warrant expiry date extension is subject
to final acceptance by the TSX Venture Exchange.
About Theralase® Technologies
Inc.Theralase® is a clinical stage pharmaceutical company
dedicated to the research and development of light activated
compounds and their associated drug formulations with a primary
objective of efficacy and a secondary objective of safety in the
destruction of various cancers, bacteria and viruses.Additional
information is available
at www.theralase.com and www.sedar.com
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.
Forward Looking Statements
This news release contains "forward-looking
statements" within the meaning of applicable Canadian securities
laws. Such statements include, but are not limited to, statements
regarding the Company's proposed development plans with respect to
Photo Dynamic Compounds and their drug formulations. Forward
looking statements may be identified by the use of the words
"may", "should",
"will", "anticipates",
"believes", "plans",
"expects", "estimate",
"potential for" and similar expressions including
statements related to the current expectations of Company's
management for future research, development and commercialization
of the Company’s Photo Dynamic Compounds and their drug
formulations, including preclinical research, clinical studies and
regulatory approvals.
These statements involve significant risks,
uncertainties and assumptions; including, the ability of the
Company to: adequately fund and secure the requisite regulatory
approvals to successfully complete a Phase II NMIBC clinical study
in a timely fashion to implement its development plans. Other risks
include: the ability of the Company to successfully commercialize
its drug formulations, the risk that access to sufficient capital
to fund the Company’s operations may not be available or may not be
available on terms that are commercially favorable to the Company,
the risk that the Company’s drug formulations may not be effective
against the conditions tested in its clinical studies, the risk
that the Company’s fails to comply with the term of license
agreements with third parties and as a result loses the right to
use key intellectual property in its business, the Company’s
ability to protect its intellectual property, the timing and
success of submission, acceptance and approval of regulatory
filings, and the impacts of public health crises, such as COVID-19.
Many of these factors that will determine actual results are beyond
the Company's ability to control or predict.
Readers should not unduly rely on these forward-
looking statements, which are not a guarantee of future
performance. There can be no assurance that forward-looking
statements will successfully come to fruition, as such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause actual results or
future events to differ materially from the forward-looking
statements.
Although the forward-looking statements
contained in the press release are based upon what management
currently believes to be reasonable assumptions, the Company cannot
assure prospective investors that actual results, performance or
achievements will be consistent with these forward-looking
statements.
All forward-looking statements are made as of
the date hereof and are subject to change. Except as required by
law, the Company assumes no obligation to update such
statements.
For More Information:1.866.THE.LASE
(843.5273)416.699.LASE (5273)www.theralase.com
Kristina Hachey, CPAChief Financial
Officerkhachey@theralase.com416.699.LASE (5273) x 224
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