Business News • MarketWire • NexgenRx Applies for Warrant Term Extension |
NexgenRx Applies for Warrant Term Extension |
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NexgenRx Applies for Warrant Term Extension
TORONTO, ONTARIO--(Marketwired - Nov. 11, 2013) - NEXGENRX INC. ("NexgenRx" or the "Corporation") (TSX VENTURE:NXG) announces that it has made application to the TSX Venture Exchange (the "Exchange") to extend the term of all outstanding common share purchase warrants granted pursuant to the Corporation's private placement which closed on November 26, 2010 (the "Warrants") from thirty-six (36) months to sixty (60) months from the date of issuance in accordance with Exchange policies. The Warrants that are the subject of the extension application consist of an aggregate of 2,583,416 Warrants, each with an exercise price of $0.35 per Warrant. The foregoing Warrants are set to expire on November 26, 2013 and the application being submitted to the Exchange is to extend the expiry date until November 26, 2015.
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