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Transition Therapeutics Announces Fiscal 2007 Year End Financial Results
Date:9/12/2007

- (381,062)

Purchase of capital assets (49,526) (234,919)

Purchase of intangible assets (345,425)

Proceeds on disposal of capital assets 60,754 3,573

Net cash received under contractual arrangement 400,000 475,000

Cash received on acquisition of ENI - 1,040,471

ENI acquisition costs - (253,296)

Cash received on acquisition of NMX 109,730 -

NMX acquisition costs (322,842) -

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Cash provided by (used in) investing

activities (21,941,808) 2,911,124

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FINANCING ACTIVITIES

Proceeds from bought deal financing, net - 9,648,600

Repayment of long term debt (300,707) (2,740,795)

Repayment of obligation under capital leases - (17,019)

Proceeds from issuance of common shares, net 24,345,142 8,016

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Cash provided by (used in) financing

activities 24,044,435 6,898,802

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Net increase (decrease) in cash and cash

equivalents during the period (2,697,195) (2,523,639)

Cash and cash equivalents, beginning of

period 4,074,582 6,598,221

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Cash and cash equivalents, end of period 1,377,387 4,074,582

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SOURCE Transition Therapeutics Inc.
Copyright©2007 PR Newswire.
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