(TheNewswire)
Ottawa, ON / TheNewswire / May 30, 2017 / –
Avivagen Inc. (TSXV: VIV, OTC Pink: CHEXF), a life sciences company commercializing products to replace the antibiotics used in
livestock feeds, is accelerating market access and the commercial uptake of its OxC-beta™ Livestock product, an innovative product
that has the potential to eliminate the use of antibiotics as growth promoters in livestock feed, a problem that needs an urgent
solution and which represents a multi-billion dollar market.
The Company announces that it has granted options to purchase 428,433 common shares to employees, management,
board members, and consultants. The stock options were granted pursuant to the terms of Avivagen’s stock option plan and are
exercisable at $1.10 per share (the closing price of the shares of Avivagen on May 29 th , 2017). The
options form part of the total remuneration package for the recipients. Stock option grants are subject to TSX Venture Exchange
approval.
About Avivagen
Avivagen Inc. is a life sciences company that has developed a scientifically-proven
product for replacing antibiotics in livestock feeds and to otherwise benefit human and animal health. Avivagen is
based in partnership facilities of the National Research Council of Canada (NRC) in Ottawa, Ontario and Charlottetown, Prince
Edward Island. For more information, visit www.avivagen.com .
About OxC-beta™ Technology and OxC-beta™ Livestock
OxC-beta™ Technology is derived from Avivagen discoveries about carotenoids, compounds that give certain fruits
and vegetables their bright colors and is a non-antibiotic means of maintaining optimal health and growth. OxC-beta™ Livestock is a
proprietary product shown to be effective and economic in replacing the antibiotics commonly added to livestock feeds.
OxC-beta™ Livestock is currently registered and available for sale in the Philippines,
Taiwan and Thailand. The Company intends to accelerate market access and the commercial uptake of its OxC-beta™
Livestock product, an innovative product that has the potential to eliminate the use of antibiotics as growth promoters in
livestock feed, a problem that needs an urgent solution and which represents a multi-billion dollar market.
Forward Looking Statements
This news release includes certain forward-looking statements that are based upon the current
expectations of management. Forward-looking statements involve risks and uncertainties associated with the business of Avivagen
Inc. and the environment in which the business operates. Any statements contained herein that are not statements of historical
facts may be deemed to be forward-looking, including those identified by the expressions “aim”, “anticipate”, “appear”, “believe”,
“consider”, “could”, “estimate”, “expect”, “if”, “intend”, “goal”, ”helps”, “hope”, “likely”, “may”, “plan”, “possibly”,
“potentially”, “pursue”, “seem”, “should”, “whether”, “will”, “would” and similar expressions or opinions of management. Avivagen
faces risks and uncertainties in connection with its business, including, but not limited to, the following: Avivagen’s ability to
continue as a going concern, if the company can commercialize products to replace the antibiotics used in
livestock feeds, if it can accelerate market access and the commercial uptake of its OxC-beta™ Livestock product, if its innovative
product has the potential to eliminate the use of antibiotics as growth promoters in livestock feed. Readers should also refer to the risk factors in Avivagen’s Annual Information Form and other securities law filings from time
to time. Accordingly, readers should not place undue or even any reliance on forward-looking statements. Except as required
by law, Avivagen assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could
differ from those reflected in the forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more
information:
Avivagen Inc.
Drew Basek, Director of Investor Relations
100 Sussex Drive, Ottawa, Ontario, Canada K1A 0R6
Phone: 416-540-0733
E-mail: d.basek@avivagen.com
Kym Anthony, Interim Chief Executive Officer
100 Sussex Drive, Ottawa, Ontario, Canada K1A 0R6
Head Office Phone: 613-949-8164
Website: www.avivagen.com
Copyright © 2017 Avivagen Inc. OxC-beta™ is a trademark of Avivagen Inc.
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