Full Press Release Details
terna Zentaris Inc. 1405 du Parc-Technologique Blvd.
Qu bec (Qu bec) Canada G1P 4P5 T 418 652-8525 F 418 652-0881
Aeterna Zentaris to Raise US$7.8 Million in Registered Direct Offering
Quebec City, Canada, July 25, 2013 Aeterna Zentaris Inc. (NASDAQ: AEZS; TSX: AEZ) (the Company ) announced today that it
has received commitments from institutional investors to purchase US$7.8 million of securities in a registered direct offering. Under the terms of a Securities Purchase Agreement, the Company will sell to such investors an aggregate of approximately
5.2 million common shares of its capital at a price of US$1.50 per share and issue warrants to acquire an aggregate of approximately 2.6 million common shares at an exercise price of US$1.85 per share.
The warrants to purchase additional common shares of Aeterna Zentaris will be exercisable at the end of the sixth month following their issuance and will
expire on the fifth-year anniversary thereof. All of the securities were offered pursuant to an effective shelf registration statement filed in the United States. Proceeds from the transaction will be used by the Company to continue to fund its
ongoing drug development activities, primarily for the advancement of the Company s zoptarelin doxorubicin (AEZS 108) program, secondly for its macimorelin acetate (AEZS-130) program, as well as for general corporate purposes and working
capital. The offering is expected to be consummated on or about July 30, 2013, subject to customary closing conditions.
Securities LLC acted as the exclusive placement agent for the transaction.
This press release shall not constitute an offer to sell or
a solicitation of an offer to buy any securities nor shall there be any sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any
such jurisdiction. A shelf registration statement relating to the common shares and warrants issued in the offering (and the common shares issuable upon exercise of the warrants) has been filed with the Securities and Exchange Commission (the
SEC ) and has been declared effective. A prospectus supplement relating to the offering will be filed by the Company with the SEC and the Canadian securities regulatory authorities. Copies of the prospectus supplement and accompanying
prospectus may be obtained directly from the Company or by contacting Aeterna Zentaris Inc., 1405 du Parc-Technologique Boulevard, Quebec City, Canada
About Aeterna Zentaris Inc.
Aeterna Zentaris is an oncology and endocrinology drug development company currently investigating treatments for various unmet medical needs. The Company s pipeline encompasses compounds at all
stages of development, from drug discovery through to marketed products. For more information, visit www.aezsinc.com.
Forward-Looking Statements
release contains forward-looking statements made pursuant to the safe harbour provisions of the U.S. Securities Litigation Reform Act of 1995. Such forward-looking statements include statements related to the closing of the registered direct
offering. Forward-looking statements involve known and unknown risks and uncertainties that could cause the Company s actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include, among
others, the ability to close the registered direct offering, the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the risk that safety and efficacy data from any of our
Phase 3 trials may not coincide with the data analyses from previously reported Phase 1 and/or Phase 2 clinical trials, the ability of the Company to take advantage of business opportunities in the pharmaceutical industry,
uncertainties related to the regulatory process and general changes in economic conditions.
Investors should consult the Company s
quarterly and annual filings with the Canadian and U.S. securities commissions for additional information on risks and uncertainties relating to forward-looking statements. Investors are cautioned not to rely on these forward-looking statements. The
Company does not undertake to update these forward-looking statements. We disclaim any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect
future results, events or developments, unless required to do so by a governmental authority or by applicable law.
Investor Relations Coordinator
Director of Communications
(418) 652-8525 ext. 406