Helix Biopharma Corp. Closes First Tranche of Private Placement
December 06 2018 - 5:05PM
Helix BioPharma Corp. (TSX, FSE: “HBP”) (“Helix” or the “Company”),
an immuno-oncology company developing innovative drug candidates
for the prevention and treatment of cancer, today announced it has
closed a first tranche of a private placement financing for gross
proceeds of CAD871,200. The Company expects to complete a second
tranche of the private placement financing before the end of
December.
The terms of the placement are for the purchase
of units at $1.20 per unit. Each unit is comprised of one common
share and one common share purchase warrant. Each common share
purchase warrant will entitle the holder to purchase one common
share at an exercise price of $1.50 and have an expiry of five
years from the date of issuance. Helix intends to use the net
proceeds of the private placement for working capital and research
and development activities.
ACM Alpha Consulting Management AG provided
financial advisory services to Helix in connection with the private
placement.
About Helix BioPharma Corp.
Helix BioPharma Corp. is an immuno-oncology
company specializing in the field of cancer therapy. The company is
actively developing innovative products for the prevention and
treatment of cancer based on its proprietary technologies. Helix’s
product development initiatives include its novel L-DOS47 new drug
candidate and Chimeric Antigen Receptor (“CAR”) based cell
therapies. Helix is currently listed on the TSX and FSE under the
symbol “HBP”.
Investor Relations
Helix BioPharma Corp.9120 Leslie Street, Suite
205Richmond Hill, Ontario, L4B 3J9Tel: 905-841-2300Email:
ir@helixbiopharma.com
Cautionary Statements
This news release may contain forward-looking
statements and information (collectively, “forward-looking
statements”) within the meaning of applicable Canadian securities
laws, including, without limitation, those relating to Helix’s
operations and strategy, its research and development activities
and statements regarding the expected use of net proceeds of the
private placement. Forward-looking statements, which may be
identified by words including, “without limitation”, “believe”,
“subject to”, “will”, “should” “may”, “promising” and other similar
expressions, are intended to provide information about management’s
current plans and expectations.
Although Helix believes that the expectations
reflected in such forward-looking statements are reasonable, such
statements involve risks and uncertainties that may cause actual
results or events to differ materially from those anticipated and
no assurance can be given that these expectations will be realized,
and undue reliance should not be placed on such statements. Risk
factors that could cause actual results or events to differ
materially from the forward-looking statements include, without
limitation, risks inherent in Helix’s research and development
activities and those risks and uncertainties affecting the company,
as more fully described in Helix’s most recent Annual Information
Form, including under the headings “Forward-Looking Statements” and
“Risk Factors”, filed under Helix’s profile on SEDAR at
www.sedar.com (together, the “Helix Risk Factors”). Certain
material factors or assumptions are applied in making the
forward-looking statements, including, without limitation, that the
factors described in the Helix Risk Factors will not cause Helix’s
actual results or events to differ materially from the
forward-looking statements. These cautionary statements qualify all
such forward-looking statements.
Forward-looking statements and information are
based on the beliefs, assumptions and expectations of Helix’s
management on the date of this news release, and Helix does not
assume any obligation to update any forward-looking statement or
information should those beliefs, assumptions or expectations, or
other circumstances change, except as required by law.
The securities offered have not been, and will
not be, registered under the United States Securities Act of 1933,
as amended (the “U.S. Securities Act”), or any state securities
laws, and may not be offered or sold within the United States or
to, or for the account or benefit of, any U.S. persons (as defined
in Regulation S under the U.S. Securities Act) unless pursuant to
an exemption from those registration requirements. This press
release does not constitute an offer to sell or a solicitation of
an offer to buy any such securities of Helix BioPharma Corp. in the
United States or any other jurisdiction.
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