Trimel Pharmaceuticals Corporation Announces Listing of Warrants for Trading on Toronto Stock Exchange
August 16 2011 - 4:32PM
Marketwired
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.
Contacts: Trimel Pharmaceuticals Corporation Kenneth G. Howling
Chief Financial Officer 416 679 0536 ir@trimelpharmaceuticals.com
www.trimelpharmaceuticals.com
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