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

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STATEMENTS OF CASH FLOWS Three months ended

Unaudited - In Thousands of Canadian dollars July 31,

2008 2007

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Loss for the period $ (2,644) $ (3,100)

Items not affecting cash:

Amortization 109 137

Stock-based compensation 181 133

Deferred share units compensation 62 -

Accretion of convertible royalty participation

units and amortization of transaction costs 574 421

Changes in non-cash working capital items

relating to operating activities (236) (13)

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Cash used in operating activities $ (1,954) $ (2,422)

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Proceeds on exercise of warrants - 36

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Cash provided by financing activities $ - $ 36

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Funds from (purchases of) short-term investments 2,975 6,880

Proceeds on disposal of equipment - 12

Purchases of property and equipment (4) (75)

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Cash provided by investing activities $ 2,971
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SOURCE MIGENIX Inc.
Copyright©2008 PR Newswire.
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