Disinterested Shareholders representing 34,366,763 common shares of the Corporation ("Shares"), or 96.91% of the Shares represented in person or by proxy and entitled to vote at the Special Meeting voted in favour of the Offering and the terms thereof, and disinterested Shareholders representing 1,093,968 Common Shares, or 3.09% of the Shares represented in person or by proxy and entitled to vote at the Special Meeting voted against the Offering and the terms thereof.
The Corporation intends to use the net proceeds of the Offering to fund its EUPHRATES clinical development program for PMX, its lead theranostics product for the treatment of severe sepsis with septic shock and for working capital and general corporate purposes.
Spectral is a Phase III company seeking U.S.
PMX has been approved for therapeutic use in
Spectral is listed on the
Information in this news release that is not current or historical factual information may constitute forward looking information within the meaning of securities laws. Implicit in this information, particularly in respect of the future outlook of Spectral and anticipated events or results, are assumptions based on beliefs of Spectral's senior management as well as information currently available to it. While these assumptions were considered reasonable by Spectral at the time of preparation, they may prove to be incorrect. Readers are cautioned that actual results are subject to a number of risks and uncertainties, including the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Spectral to take advantage of business opportunities in the biomedical industry, the granting of necessary approvals by regulatory authorities as well as general economic, market and business conditions, and could differ materially from what is currently expected.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this statement.
Most Popular Stories
- Toxic Algae Threatens Florida Fishing, Tourism
- Stocks Rise Before Fed Statement
- Fed Signals It Will Keep Key Rate at Record Low
- Occupy Wall Street Buys Up Student Debt
- Eva Mendes Gives Birth to a Baby Girl
- Hispanic Groups Lead Voter Registration Drive
- Cool Features on Today's New iOS 8
- Kohl's Hiring 67,000 for the Holidays
- FedEx Adding 50,000 Holiday Jobs
- Plus-Size iPhones Live Up to The Hype