TORONTO, July 16 /PRNewswire-FirstCall/ - Lorus Therapeutics Inc. (TSX: LOR, AMEX: LRP) ("Lorus" or the "Corporation"), a biopharmaceutical company specializing in the research and development of pharmaceutical products and technologies for the management of cancer, today announced that the Corporation has received the $600 thousand originally held in escrow in connection with Lorus' corporate reorganization completed on July 10, 2007. The Corporation has received total net proceeds of $6.9 million in non-dilutive financing as part of this transaction.
For further information about the corporate reorganization, please refer to our press release dated July 10, 2007 available on Lorus' website or at Sedar.com.
Forward Looking Statements
This press release may contain forward-looking statements within the
meaning of Canadian and U.S. securities laws. Such statements include, but
are not limited to, statements relating to: our research program plans, our
plans to conduct clinical trials, the successful and timely completion of
clinical studies and the regulatory approval process, our ability to fund
future research, our plans to obtain partners to assist in the further
development of our product candidates, the establishment of corporate
alliances, the Company's plans, objectives, expectations and intentions and
other statements including words such as "continue", "believe", "plan",
"expect", "intend", "will", "should", "may", and other similar expressions.
Such statements reflect our current views with respect to future events and
are subject to risks and uncertainties and are necessarily based upon a
number of estimates and assumptions that, while considered reasonable by us
are inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Many factors could
cause our actual results, performance or achievements to be materially
different from any future results, performance, or achi
|SOURCE Lorus Therapeutics Inc.|
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