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Cipher reports third quarter fiscal 2007 results
Date:11/7/2007
egulatory approval in the U.S. market.
5 Due to related party
The Company and a related party have in common a majority of their
respective boards. There is no balance owing to the related party at
September 30, 2007. At December 31, 2006 the amount due was $123, for
management and payroll services.
6 Share capital
Authorized share capital
The authorized share capital consists of an unlimited number of
preference shares, issuable in series, and an unlimited number of
voting common shares.
Issued share capital
The following is a summary of the changes in share capital from
December 31, 2005 to September 30, 2007:
Number of
common shares Amount
(in thousands) $
Balance outstanding - December 31, 2005 21,336 38,783
Options exercised during 2006 200 201
March 14, 2006 public offering(a) 2,500 10,907
---------------------------
Balance outstanding - December 31, 2006 24,036 49,891
---------------------------
Options exercised during the
three months ended June 30, 2007(b) 19 57
---------------------------
Balance outstanding - September 30, 2007 24,055 49,948
---------------------------
(a) On March 14, 2006, the Company issued 2.5 million common shares
pursuant to the completion of a public offering. Net proceeds
from the offering af
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| SOURCE Cipher Pharmaceuticals Inc. Copyright©2007 PR Newswire. All rights reserved |
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