Telo Genomics Announces Warrant Exercise Agreement
21 Octobre 2020 - 2:30PM
Telo Genomics Corp. (TSX-V: TELO) (OTC:
TDSGF) (the
“Company” or
“TELO”) is pleased to announce that it has engaged
Leede Jones Gable Inc. and Mackie Research Corporation (the
“Brokers”) to solicit and facilitate, on a commercially reasonable
efforts basis, the exercise of warrants issued pursuant to the
Company’s financing announced November 25th, 2019 (the “Warrants”).
TELO has 8,677,500 Warrants outstanding with an exercise price
$0.20 per share which expire on November 25th, 2020. In connection
with the engagement, the Brokers will be paid a fee of 4% of the
gross proceeds received by TELO from the exercise of the Warrants.
“We sincerely appreciate the continued support
of Leede, Mackie and all of our shareholders as we continue to
develop Teloview®; our industry leading telomere platform
technology, with non-invasive prognostic and diagnostic
applications for cancer,” said Hugh Rogers, director of TELO.
The Company also agreed to issue 100,000 common
shares of the Company at a deemed price of $0.25 per share in
connection with a historical account payable. The issuance of the
shares is subject to the TSX Venture Exchange’s final approval and
will be subject to a statutory four month hold period in accordance
with applicable securities laws, and additionally to a voluntary
one year hold period.
About Telo
Genomics
Telo Genomics is a biotech company pioneering
the most comprehensive telomere platform in the industry with
powerful applications and prognostic solutions. These include
liquid biopsies and related technologies in oncology and
neurological diseases. Liquid biopsy is a rapidly growing field of
significant interest to the medical community for being less
invasive and more easily replicated than traditional diagnostic
approaches. By combining our team’s considerable expertise in
quantitative analysis of 3D telomeres with molecular biology and
artificial intelligence to recognize disease-associated genetic
instability, Telo Genomics is developing simple and accurate
products that improve day-to-day care for patients by serving the
needs of pathologists, clinicians, academic researchers and drug
developers. The benefits of our proprietary technology have been
substantiated in over 150 peer reviewed publications and in 25
clinical studies involving more than 3,000 patients with multiple
cancers and Alzheimer’s disease. Our lead application, Telo-MM is
being developed to provide important, actionable information to
medical professionals in the treatment of Multiple Myeloma, a
deadly form of blood cancer. For more information please visit
www.telodx.com.
For further information, please
contact:
Hugh
RogersDirector416-673-8487info@telodx.comMaRS Centre, South Tower,
101 College Street, Suite 200, Toronto, ON, M5G
1L7www.telodx.com
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as such term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding Forward-Looking
Statements
Certain information contained herein may
constitute “forward-looking information” under Canadian securities
legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
“will”, or variations of such words and phrases or statements that
certain actions, events or results “will” occur. Forward-looking
statements regarding: the exercise of the Warrants and finder’s
fees payable in connection therewith; and the issuance of shares in
connection with a historical account payable are based on the
Company’s estimates and are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking statements or forward-looking information,
including capital expenditures and other costs. There can be no
assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements and
forward-looking information. The Company will not update any
forward-looking statements or forward-looking information that are
incorporated by reference herein, except as required by applicable
securities laws.
Telo Genomics (TSXV:TELO)
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