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TSX Venture Exchange Approves Warrant Extension

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Wednesday, January 8, 2014

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OTTAWA, Jan. 8, 2014 /CNW/ - Annidis Corporation (TSX Venture: RHA) ("Annidis" or the "Corporation") is pleased to announce that further to its news release of December 10, 2013, the TSX Venture Exchange ("TSXV") has approved its application to extend the expiry date of 3,531,250 issued and outstanding common share purchase warrants (the "Warrants") in accordance with TSXV Policy 4.1.

Warrant Extension

The Warrants were originally issued by Annidis Health Systems Corp. - the Corporation's QT Target Company - prior to the completion of the Corporation's QT, and were subsequently exchanged for Annidis share purchase warrants upon completion of the Corporation's QT which was accepted by the TSXV on June 10, 2011. The Warrants are exercisable at prices of $0.30 and $0.40 per common share and were set to expire between December 18, 2013, and November 4, 2014 . Further to the Corporation`s extension application, the TSXV has agreed, in accordance with TSXV Policy 4.1, to permit the term of the Warrants to be extended from 4 years to 5 years as follows:

Number of
Warrants

Exercise
Price

Original
Issuance
Date

Original
Warrant
Term

Original
Expiry
Date

Amended
Warrant
Term

Amended
Expiry
Date

250,000

$ 0.40

18-Dec-09

4 Years

18-Dec-13

5 Years

18-Dec-14

125,000

$ 0.40

22-Dec-09

4 Years

22-Dec-13

5 Years

22-Dec-14

500,000

$ 0.30

15-Mar-10

4 Years

15-Mar-14

5 Years

15-Mar-15

581,250

$ 0.30

14-May-10

4 Years

14-May-14

5 Years

14-May-15

168,750

$ 0.30

28-May-10

4 Years

28-May-14

5 Years

28-May-15

625,000

$ 0.30

30-Jun-10

4 Years

30-Jun-14

5 Years

30-Jun-15

343,750

$ 0.30

30-Jul-10

4 Years

30-Jul-14

5 Years

30-Jul-15

125,000

$ 0.30

03-Aug-10

4 Years

03-Aug-14

5 Years

03-Aug-15

125,000

$ 0.30

16-Aug-10

4 Years

16-Aug-14

5 Years

16-Aug-15

31,250

$ 0.30

24-Aug-10

4 Years

24-Aug-14

5 Years

24-Aug-15

125,000

$ 0.30

29-Sep-10

4 Years

29-Sep-14

5 Years

29-Sep-15

125,000

$ 0.30

13-Oct-10

4 Years

13-Oct-14

5 Years

13-Oct-15

31,250

$ 0.30

19-Oct-10

4 Years

19-Oct-14

5 Years

19-Oct-15

125,000

$ 0.30

27-Oct-10

4 Years

27-Oct-14

5 Years

27-Oct-15

250,000

$ 0.30

04-Nov-10

4 Years

04-Nov-14

5 Years

04-Nov-15

The exercise price of the Warrants will remain unchanged.

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. 

SOURCE Annidis Corporation

  • Investment & Company Information
  • Finance
  • TSX Venture Exchange

Contact:

Gerald Slemko
Chief Executive Officer
Annidis Corporation
(519) 858-1582 ext. 239
geralds@annidis.com

Babak Pedram
Investor Relations
Virtus Advisory Group Inc.
416-995-8651
bpedram@virtusadvisory.com