AURORA, Ontario, March 12 /PRNewswire/ -- Helix BioPharma Corp. (TSX, FSE: "HBP") announced that its registration statement on Form 20-F has been declared effective by the U.S. Securities and Exchange Commission ("SEC").
Accordingly, Helix's common shares are now registered with the SEC pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended. Registration of Helix's shares in the United States allows its shares to be solicited and traded by licensed brokers in the United States in compliance with SEC regulations and blue sky requirements in various states in the United States.
"We are excited for this registration which we believe provides us with a necessary foundation as we plan to move toward larger capital markets," said John Docherty, president of Helix BioPharma. "We are continuing to evaluate our options for our next step as we look to broaden our U.S. investor base and trading liquidity."
The Company's registration statement on Form 20-F is a full registration of the Company's common shares with the SEC as a foreign private issuer similar to a Form 10 filing for a domestic issuer in the United States. Helix's registration statement, as amended, has been filed with the SEC and Canadian Securities Administrators and is available online at www.sec.gov/edgar.shtml and www.sedar.com, respectively.
As a result of the registration statement being declared effective, Helix will be obligated to file continuous disclosure documentation applicable to foreign private issuers with the SEC and will be obligated to prepare a reconciliation of its annual financial statements to generally accepted accounting principles in the United States.
About Helix BioPharma Corp.
Helix BioPharma Corp. is a biopharmaceutical company specializing in the
|SOURCE Helix BioPharma Corp.|
Copyright©2009 PR Newswire.
All rights reserved