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DelMar Pharmaceuticals Announces Completion Of $10.5 Million Oversubscribed Offering And Appointment Of Investor Relations Consultant
Date:3/7/2013

VANCOUVER, British Columbia and MENLO PARK, Calif., March 7, 2013 /PRNewswire/ -- DelMar Pharmaceuticals, Inc. (OTCQB: DMPI) ("DelMar") today announced the completion of a $10.5 million private placement.

Charles Vista, LLC acted as the company's placement agent in the unit offering. Each unit consists of one share of common stock and one common stock purchase warrant.  The maximum offering in the Private Placement consisted of 9,375,000 units for gross proceeds of $7.5 million.  In addition, the placement agent has been granted an over-allotment option.  The overallotment option was increased to 3,750,000 Units for additional gross proceeds of $3.0 million to accommodate investor interest.  The overallotment option has been exercised in full in conjunction with this closing.

"We are very pleased with the strong interest in our private placement.  These funds will position us to accelerate the advancement of our ongoing VAL-083 clinical trials for refractory glioblastoma, the most common and aggressive form of brain cancer," stated DelMar Pharma President & CEO Jeffrey Bacha

The Company also announced that it has retained Booke and Co., New York City, to be its investor relations counsel.

Mr. Bacha stated, "We are very excited to announce the engagement of Booke and Company. We are very impressed with their years of experience and successful results in advising companies in all industries. Their strong creditability and wealth of contacts within the investment community will complement our ongoing relationship with LifeSci Advisors, LLC and leverage our success as a public company. We look to a long and productive relationship."

About VAL-083

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SOURCE DelMar Pharmaceuticals, Inc.
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