Resverlogix Announces Withdrawal of Public Offering of

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
911
Resverlogix Announces Withdrawal of Public Offering of Units

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CALGARY, Alberta, June 08, 2018 (GLOBE NEWSWIRE) -- Resverlogix Corp. ("Resverlogix" or the "Company") (TSX: RVX ) announced today that it has opted not to proceed with the public offering of units of the Company announced on April 17, 2018, based on the Company’s assessment that market conditions are not currently conducive for a public offering on terms that would be in the best interests of the Company and its shareholders.

Resverlogix intends instead to carry out financing options that the Company has been pursuing that are more favourable to the Company.

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 a 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). In BETonMACE approximately 11% of the participants have chronic kidney disease.

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 Company’s intention to carry out financings and 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. 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.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

India's First Upright Proton Therapy System Unveiled

Updated Category News Views 4

A Leap Forward in Cancer Care: Proton Therapy Revolution Dang, just when you think you've heard it all in cancer treatment, Fortis Healthcare drops a bombshell: India’s first upright proton therapy system. Boom! This isn't your run-of-the-mill radiation treatment we're talking about here. This is the futuristic flair of the MEVION S250-FIT™, featuring upright...

Continue Reading
VitalCore Pioneers Jail Behavioral Health Expansion

Updated Category News Views 2

The Big Move in Correctional Healthcare VitalCore Health Strategies has made an impressive move with the opening of a 60-bed Behavioral Health Unit at Shawnee County Jail in Topeka, Kansas. The unit, part of a $21 million expansion completed on August 24, is set to change the landscape for inmates needing mental health and substance use treatment. This isn't just a slap...

Continue Reading
Innventure Faces Major Lawsuit Amidst Market Turmoil

Updated Category News Views 0

The Plot Thickens with Innventure's DarkNX Project Buckle up, fellow market sling-riders; the Innventure tale is a rocky one for the books. Imagine this: You’ve plunked down your hard-earned cash on Innventure Inc. (NASDAQ: INV), lured by their glowing pronouncements about a supposed golden egg project, the Accelsius DarkNX data-center deal. A big talk about...

Continue Reading
Life Flower Celebrates 16 Years with Dog Adoption Event

Updated Category News Views 3

A Celebration with Heart Ah, the classic mix of business and community goodwill—that's what Life Flower Dispensary is all about this year. You know, not every business that hits the 16-year mark decides to make it about something bigger than just slashing prices or hyping themselves up. But Life Flower? They're using their anniversary to throw a shindig that's more than...

Continue Reading
Webinar Highlights Workforce Skills and AI Tools

Updated Category News Views 2

The Shift Towards Skills-Based Talent Development The labor market's in a whirl, folks. Employers are scrambling to adapt to rapid changes, chasing after 'skills intelligence' like it's going out of style. On September 24, University of Phoenix, with its band of partners including Jobs for the Future and Skillmore™, will dig into this very topic. This upcoming webinar...

Continue Reading
MADD, Uber Rally at Capital Invitational for Safe Choices

Updated Category News Views 3

Driving Change at the Capital Invitational Let's talk about a powerhouse collaboration aiming to do more than just thrill basketball fans. We're looking at MADD Sports, Uber, and the Capital Invitational joining forces at The St. James in Springfield, Virginia, on December 10, 2026. This is not your average sporting event; it's a gathering with a bigger purpose. The...

Continue Reading
Illinois' Legal Tangle: Feds Under Fire?

Updated Category News Views 2

What a tangled web Illinois lawmakers have woven this time. They've gone and cooked up a pair of laws with a real knack for attracting attention—specifically from the folks over at the National Police Association (NPA). These aren’t your run-of-the-mill rules; they feel more like a blueprint for putting federal officers through the legal wringer and turning courtroom...

Continue Reading
AI Startup Shuttlebase Navigates Name Clash with Change

Updated Category News Views 2

When Two AI Giants Collide Every so often, we get a clash of titans in the business world, and this time it's in the AI universe. New York's Moonshot AI, a champ in autonomous website optimization, hit a bump when its name collided with a Chinese counterpart, also called Moonshot AI. And just like that, the NY company had to chuck their name out the window and don a new...

Continue Reading
Everpure Surges into the S&P 500: A Milestone Move

Updated Category News Views 9

Big Leagues Beckon: Everpure Enters the S&P 500 Another day, another dollar, but today ain't just any day for Everpure. They’re stepping up from the minor leagues and grabbing their spot in the illustrious S&P 500 lineup. We're talking about a milestone that every company dreams of, but few achieve—this ain't your regular Tuesday headline. Stock Market's Stamp of...

Continue Reading
Strategic Hire: Whisenhunt Joins FlexScreen & RiteScreen

Updated Category News Views 1

Shaking Up the Window Screens Biz If you've been grinding in the window and door game, you know it's not an industry with a lot of buzz, but here comes a shot of caffeine. FlexScreen and RiteScreen just snagged David Whisenhunt to rev up their sales machine. Who's David Whisenhunt? Well, he's no rookie. With over two decades deep in the fenestration field, Whisenhunt...

Continue Reading

Top 5 Most Recently Viewed Articles

Societe Generale's Voting Rights and Share Capital Insights

Updated Category News Views 148

Overview of Societe Generale's Share Capital NUMBER OF SHARES COMPOSING CURRENT SHARE CAPITAL AND TOTAL NUMBER OF VOTING RIGHTS As of late July 2025, Societe Generale has a significant capital structure comprising 785,180,327 shares. This robust share count reflects the bank's strong market position and its ability to support a diverse range of financial solutions for its...

Continue Reading
ByteDance's Bold Moves to Secure TikTok's Future Amid Challenges

Updated Category News Views 283

ByteDance's Remarkable Valuation Journey ByteDance, the Chinese technology powerhouse known for its flagship product TikTok, is demonstrating resilience with plans for a new employee share buyback program. This initiative is expected to lift the company's valuation to an impressive $330 billion, even in the face of mounting political pressure in the U.S. regarding its...

Continue Reading
Tipmefast, Inc. Secures Major Purchase Order for Clean Energy

Updated Category News Views 53

Tipmefast, Inc. Secures Major Purchase Order for Clean Energy Recently, Tipmefast, Inc. (OTC: TMEF) made an exciting announcement regarding its wholly-owned subsidiary, Lucent, Inc. It has secured a substantial purchase order valued at $1,087,074.66 from Green Reliable Energy Auto Technology Co. Ltd. This company is recognized for its extensive range of sustainable and...

Continue Reading
GMA Unveils New Incentive Program with UpdatePromise Technology

Updated Category News Views 50

Genesis Motor America's Innovative Q4 Incentive Program Genesis Motor America (GMA) has launched an exciting initiative called the Tech Video Q4 Incentive Program, aimed at improving efficiency in service departments across the nation. This strategic program is designed to enhance dealership performance and profitability during the fourth quarter. Collaboration with...

Continue Reading
Dermalogica Introduces Flexible Health Payment Options for Skincare

Updated Category News Views 258

Dermalogica Introduces Flexible Payment Options for Health Dermalogica is revolutionizing how customers invest in their skin health with a groundbreaking feature that allows the use of pre-tax healthcare funds to purchase their favorite skincare products. This initiative is made possible through a strategic partnership with Flex, an innovative HSA/FSA payment platform....

Continue Reading