MONTREAL, CANADA--(Marketwired - Aug. 6, 2015) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Theratechnologies Inc. ("Theratechnologies") (TSX:TH) is pleased to announce that it has closed its previously-announced offering of units by way of a short form prospectus (the "Offering") for gross proceeds of $11,040,000.
The underwriters for the Offering purchased 4,600,000 units (the "Units") at a price of $2.40 per Unit, each Unit consisting of one common share and one-half of a common share purchase warrant of Theratechnologies (each whole warrant, a "Warrant"), with each Warrant exercisable for a period of 24 months from the date hereof at an exercise price of $3.00 per share. Theratechnologies has received conditional approval from the Toronto Stock Exchange to list the additional common shares and the Warrants. The Warrants will trade under the symbol TH.WT.
The Offering was completed through a syndicate of underwriters led by Euro Pacific Canada Inc. and including Mackie Research Capital Corporation.
The information in this news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would require preparation of any prospectus or other offer documentation, or be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
Theratechnologies (TSX:TH) is a specialty pharmaceutical company addressing unmet medical needs in metabolic disorders to promote healthy ageing and improved quality of life. Further information about Theratechnologies is available on Theratechnologies' website at www.theratech.com and on SEDAR at www.sedar.com.
This press release contains forward-looking statements and forward-looking information, or, collectively, forward-looking statements, within the meaning of applicable securities laws, that are based on our management's belief and assumptions and on information currently available to our management. You can identify forward-looking statements by terms such as "may", "will", "should", "could", "would", "outlook", "believe", "plan", "envisage", "anticipate", "expect" and "estimate", or the negatives of these terms, or variations of them. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or Theratechnologies management's good-faith beliefs with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Theratechnologies' control.
We refer potential investors to the "Risks Factors" section of our Annual Information Form dated February 25, 2015 and the "Risk Factors" section of the short form prospectus dated July 30, 2015 available at www.sedar.com. The reader is cautioned to consider these and other risks and uncertainties carefully and not to put undue reliance on forward-looking statements. Forward-looking statements reflect current expectations regarding future events and speak only as of the date of this press release and represent our expectations as of that date.
We undertake no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise, except as may be required by applicable law.