Trimel Pharmaceuticals Corporation Announces Listing of Warrants for Trading on Toronto Stock Exchange
16 Agosto 2011 - 3:32PM
Marketwired Canada
Trimel Pharmaceuticals Corporation (TSX:TRL)(TSX:TRL.WT) (the "Company")
announced today that the 7,733,585 warrants issued as part of its qualifying
transaction in July 2011 will be listed and commence trading on the Toronto
Stock Exchange on August 17, 2011. The warrants will trade under the symbol
"TRL.WT".
Each whole warrant entitles the holder to purchase one common share of the
Company at a price of US$3.50 per share at any time prior to 5:00 p.m. (Toronto
time) on July 14, 2013.
The warrants are governed by the terms and conditions of a warrant indenture
entered into between the Company and Equity Financial Trust Company as warrant
agent. The warrant indenture provides for adjustments to the exercise price
and/or exchange basis of the warrants in the event of stock dividends,
subdivisions, consolidations and other forms of capital reorganization.
About Trimel
Trimel Pharmaceuticals Corporation is a leader in developing quality of life
pharmaceuticals, targeting conditions related to Aging, Well Being and Female
Sexual Health. Trimel is developing multiple product opportunities, including
Compleo TRT, an intranasal bio-adhesive Testosterone gel for the treatment of
male hypogonadism, a condition commonly referred to as "Low T". For more
information, please visit www.trimelpharmaceuticals.com.
Notice regarding forward-looking statements:
This release contains forward looking information. This forward-looking
information is not based on historical facts but rather on the expectations of
Trimel Pharmaceuticals Corporation's ("TPC") management regarding the future
growth of TPC, its results of operations, performance and business prospects and
opportunities. Forward-looking information may include financial and other
projections, as well as statements regarding future plans, objectives or
economic performance, or the assumptions underlying any of the foregoing. This
release uses words such as "will", "expects", "anticipates", "intends",
"estimates", or similar expressions to identify forward-looking information.
Such forward-looking information reflect the current beliefs of TPC's management
based on information currently available to them.
Forward-looking information included in this release is based in part, on
assumptions that may change, thus causing actual future results or anticipated
events to differ materially from those expressed or implied in any
forward-looking information. Such assumptions include that: TPC will achieve,
sustain or increase profitability, and will be able to fund its operations with
existing capital, and/or it will be able to raise additional capital to fund
operations; TPC will be able to attract and retain key personnel; TPC will be
able to acquire any necessary technology or businesses and effectively integrate
such acquisitions; TPC will be successful in developing and clinically testing
products under development; TPC will be successful in obtaining all necessary
approvals for commercialization of its products from the U.S. Food and Drug
Administration, the Canadian Therapeutic Products Directorate or other
regulatory authorities; the results of continuing and future safety and efficacy
studies by industry and government agencies relating to TPC's products will be
favourable; TPC's products will not be adversely impacted by competitive
products and pricing; raw materials and finished products necessary for TPC's
products will continue to be available; TPC will be able to maintain and enforce
the protection afforded by any patents or other intellectual property rights;
TPC's products will be successfully licensed to third parties to market and
distribute such products on favourable terms; TPC's key strategic alliances, out
licensing and partnering arrangements, now and in the future, will remain in
place and in force; the general regulatory environment will not change in a
manner adverse to the business of TPC; the tax treatment of TPC and its
subsidiaries will remain constant and Trimel will not become subject to any
material legal proceedings. TPC cautions that the foregoing list of assumptions
is not exhaustive.
Forward-looking information involves known and unknown risks, uncertainties and
other factors that may cause the actual results, performance or achievements of
TPC to differ materially from any future results, performance or achievements
expressed or implied by the forward-looking information. Actual results,
performance or achievement could differ materially from that expressed in, or
implied by, any forward-looking information in this release, and, accordingly,
investors should not place undue reliance on any such forward-looking
information. Further, any forward-looking information speaks only as of the date
on which such statement is made TPC undertakes no obligation to update any
forward-looking information to reflect the occurrence of unanticipated events,
except as required by law including applicable securities laws. New factors
emerge from time to time and the importance of current factors may change from
time to time and it is not possible for management of TPC to predict all of such
factors, changes in such factors and to assess in advance the impact of each
such factor on the business of TPC or the extent to which any factor, or
combination of factors, may cause actual results to differ materially from those
contained in any forward-looking information contained in this release.
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