Adherex Announces Closing of Private Placement
Research Triangle Park, NC, November 22, 2013 – – Adherex Technologies Inc. (the “Company” or “Adherex”) (TSX: AXH, OTCQB: ADHXF), announced today that it has completed the previously-announced non-brokered private placement (the “Offering”) of 4,000,000 units for gross proceeds of US$1,600,000. Each unit (a “Unit”) was issued at a price of $0.40 per Unit and consisted of one common share of the Company (the “Common Shares”) and one common share purchase warrant (the “Warrants”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of US$0.50 per share for a period of five years from the date of issuance.
