Protox Therapeutics Inc. (TSX: PRX) today announced that it will be amending the terms of up to 9,948,507 share purchase warrants expiring on November 29, 2008 to extend the expiry date of such warrants to December 22, 2008. The amendments will be effective on November 19, 2008.
The warrants were issued in connection with a private placement which closed in two tranches in November and December 2006. Share purchase warrants issued in connection with the December 2006 tranche of the private placement will continue to expire on December 22, 2008. After giving effect to the amendments all of the Company's outstanding warrants issued in connection with the 2006 private placement will have the same expiry date.
Protox will not be delivering amended warrant certificates to holders of the amended warrants. Any warrantholder wishing to exercise the warrants may continue to use the original exercise form attached to the warrants.
The amendments will not apply to any warrants held by insiders of the Company as at November 29, 2008. -- www.cnxmarketlink.com
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