Advanced Proteome Therapeutics closes $428K rights offering

News Release


Vancouver, British Columbia, July 11, 2017 – Advanced Proteome Therapeutics Corporation (“APC” or the “Company”) (TSX VENTURE: APC) (Frankfurt: 0E8) is pleased to report that it has completed its previously announced rights offering (the “Rights Offering”).

Under the Rights Offering, on July 10, 2017, 7,136,216 units of the Corporation (the “Units”) were distributed at a price of $0.06 per Unit for gross proceeds to the Corporation of $428,172.96. Each Unit consists of one common share of the Corporation (a “Common Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”), with each Warrant entitling its holder to purchase one additional Common Share at a price of $0.10 per Common Share until July 10, 2018.

Upon closing of the Rights Offering, there are 133,821,634 Common Shares outstanding and 21,786,773 Common Shares reserved for issuance, including 11,961,773 common share purchase warrants (3,568,108 of which were issued pursuant to the Rights Offering).

The Corporation intends to use the net proceeds of which will be used for debt repayment as well as working capital.

To the knowledge of the Corporation, after reasonable inquiry, directors, officers and other insiders of the Corporation exercised their basic subscription privileges to acquire an aggregate of 6,250 Units under the Rights Offering, and additional subscription privileges to acquire an aggregate of 83,333 Units under the Rights Offering, representing total subscription proceeds of approximately $5,374.98. To the knowledge of the Corporation, after reasonable inquiry, no person that was not an insider became an insider of the Corporation as a result of the Rights Offering.

The Corporation will pay solicitation fees in the aggregate amount of $16,701.52, representing $0.0026 for each Unit subscribed for, to members of Investment Industry Regulatory Organization of Canada (IIROC) which exercised rights on behalf of their clients.

About APC

Advanced Proteome Therapeutics Corporation (APC) is advancing a site-specific protein modification technology platform to enable the development of superior protein therapeutics. Using this technology, APC has generated numerous and diverse modifications of annexin proteins with superior binding and stability properties, which are amenable to further labeling and conjugation for use in therapeutic applications. APC is now vigorously applying its technologies to achieve the site-specific labeling of therapeutic antibodies and provide the next generation of antibody-drug conjugates.


Advanced Proteome Therapeutics Corporation
Dr. Randal D. Chase
President and Chief Executive Officer
Tel: 905-252-3629


Advanced Proteome Therapeutics Corporation
Babak Pedram
Investor Relations
Virtus Advisory Group Inc.
Tel: 416-644-5081

Neither the 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.