NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
CALGARY, Alberta, April 17, 2018 (GLOBE NEWSWIRE) -- Resverlogix Corp. ("Resverlogix" or the "Company")
(TSX:RVX) announced today that it has filed a preliminary short form prospectus with the securities regulatory authorities in the
provinces of Alberta, British Columbia and Ontario in connection with a proposed marketed offering of units of the Company
(“Units”), comprised of common shares and common share purchase warrants (the “Offering”). The number of Units to be distributed,
the price and composition of each Unit, the minimum and maximum size of the Offering, and the exercise price and term of each
warrant will be determined by negotiation between the Company and the Agent (as defined herein) in the context of the market with
final terms to be determined at the time of pricing.
The Offering will be conducted on a best efforts basis by Bloom Burton Securities Inc., the Company’s agent for
the Offering in Canada (the “Agent”). The Units may also be offered for sale in the United States on a private placement basis
pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S.
Securities Act”) and applicable state laws.
The Offering is subject to the Company and the Agent entering into a definitive agency agreement, and subject to
the satisfaction of customary closing conditions, including the receipt of all necessary regulatory and stock exchange
approvals.
The net proceeds of the Offering will be used to fund research and development activities, including but not
limited to, clinical trial activities related to the Company’s Phase 3 BETonMACE trial, general and administrative expenses,
working capital needs and other general corporate purposes.
For further details with respect to the Offering, please see the preliminary prospectus, a copy of which is
available on SEDAR at www.sedar.com.
The securities described herein have not been, and will not be, registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold to,
or for the account or benefit of, persons in the United States or to U.S. Persons (as such term is defined in Regulation S under
the U.S. Securities Act), except in compliance with the registration requirements of the U.S. Securities Act and applicable state
securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a
solicitation of an offer to buy any of the Company's securities to, or for the account or benefit of, persons in the United States
or U.S. Persons.
About Resverlogix
Resverlogix is developing apabetalone (RVX-208), a first-in-class, small molecule that is a selective BET
(bromodomain and extra-terminal) inhibitor. BET bromodomain inhibition is an epigenetic mechanism that can regulate disease-causing
genes. Apabetalone is the first and only chronic BET inhibitor selective for the second bromodomain (BD2) within the BET proteins.
This selective inhibition of apabetalone on BD2 produces a specific set of biological effects with potentially important benefits
for patients with high-risk cardiovascular disease (CVD), diabetes mellitus (DM), chronic kidney disease, end-stage renal disease
treated with hemodialysis, neurodegenerative disease, Fabry disease, peripheral artery disease and other orphan diseases, while
maintaining a well described safety profile. Apabetalone is currently being studied in a Phase 3 trial, BETonMACE, in high-risk CVD
patients with type 2 DM and low high-density lipoprotein (HDL), and is expected to be initiated in a Phase 2a kidney dialysis trial
designed to evaluate biomarker changes and safety parameters in up to 30 patients with end-stage renal disease treated with
hemodialysis.
Resverlogix common shares trade on the Toronto Stock Exchange (TSX:RVX).
Follow us on Twitter: @Resverlogix_RVX
For further information please contact:
Investor Relations
Email:ir@resverlogix.com
Phone: 403-254-9252
Or visit our website: www.resverlogix.com
This news release may contain certain forward-looking information as defined under applicable Canadian
securities legislation, that are not based on historical fact, including without limitation statements containing the words
"believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar
expressions. In particular, this news release includes forward looking information relating to the Phase 3 BETonMACE clinical
trial, Phase 2a kidney dialysis clinical trial the potential role of apabetalone in the treatment of CVD, DM, chronic
kidney disease, end-stage renal disease treated with hemodialysis, neurodegenerative disease, Fabry disease, peripheral artery
disease and other orphan diseases, the completion of the Offering, the terms and use of proceeds of the Offering. Our actual
results, events or developments could be materially different from those expressed or implied by these forward-looking statements.
We can give no assurance that any of the events or expectations will occur or be realized. By their nature, forward-looking
statements are subject to numerous assumptions and risk factors including those discussed in our Annual Information Form and most
recent MD&A which are incorporated herein by reference and are available through SEDAR at www.sedar.com. The forward-looking
statements contained in this news release are expressly qualified by this cautionary statement and are made as of the date hereof.
The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise.