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MIGENIX Reports First Quarter Fiscal 2009 Financial Results
Date:9/15/2008

tion measures, are sufficient to provide for operations to approximately the end of calendar 2008 before funds received, if any, from existing or new license agreements, the exercise of warrants and options, and a planned rights offering in the aggregate amount up to $2.5 million.

Outstanding Shares

There are currently 94,463,806 (July 31, 2008: 94,463,806) common shares outstanding; 29,465 convertible royalty participation units (July 31, 2008: 29,465); and 5,250,000 (July 31, 2008: 5,250,000) preferred shares outstanding. During Q1/09, warrants to acquire 7,552,592 common shares expired unexercised at exercise prices ranging from $0.45 to $0.55.

Selected Financial Highlights

BALANCE SHEETS July 31, April 30,

Unaudited - In Thousands of Canadian dollars 2008 2008

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Assets

Cash and cash equivalents $ 3,638 $ 2,621

Short-term investments - 2,997

Other current assets 1,340 1,327

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Total current assets $ 4,978 $ 6,945

Long-term investments 1 1

Property & equipment 905 977

Intangible assets 514 544

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Total assets $ 6,398 $ 8,467

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Liabilities and Shareholders' (Deficiency) Equity

Accounts payable a
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SOURCE MIGENIX Inc.
Copyright©2008 PR Newswire.
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