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Oncolytics Biotech(R) Inc. Announces Second Quarter 2010 Results
Date:7/29/2010

(4,351,974) (4,334,757) (8,493,185) Deduct non-cash items Amortization - intellectual property - 90,375 - Amortization - property and equipment 14,621 16,536 29,506 Stock based compensation 1,399 8,544 2,428 Other non-cash items (415,280) - (46,483) Net changes in non-cash working capital 384,452 (1,414,201) (792,229) ------------------------------------------------------------------------- (4,366,782) (5,633,503) (9,299,963) ------------------------------------------------------------------------- INVESTING ACTIVITIES Capital assets (39,851) - (43,498) Purchase of short-term investments - - - Redemption of short-term investments - 1,925,600 - Investment in BCY LifeSciences Inc. - - - Investment in Transition Therapeutics Inc. - - - ------------------------------------------------------------------------- (39,851) 1,925,600 (43,498) ------------------------------------------------------------------------- FINANCING ACTIVITIES Proceeds from exercise of warrants and stock options 54,000 351,835 54,000 Proceeds from acquisition of private company - 1,800,120 - Proceeds from private placements - - - Proceeds from public offerings - 6,172,819 - -------------------------------------------------------------------------
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