Reuters logo
BRIEF-Resverlogix announces extension of maturity date of loan and expression of interest on strategic transaction
August 28, 2017 / 11:10 AM / 2 months ago

BRIEF-Resverlogix announces extension of maturity date of loan and expression of interest on strategic transaction

Aug 28 (Reuters) - Resverlogix Corp

* Resverlogix announces extension of maturity date of loan and expression of interest regarding strategic transaction

* Resverlogix corp - maturity date of company’s CAD$68.8 million loan will be extended from august 28, 2017 to December 26, 2017

* Resverlogix Corp - loan is secured by an irrevocable CAD$68.8 million standby letter of credit in favour of lender arranged by Eastern Capital Limited

* Resverlogix Corp - received a letter of intent regarding a significant potential regional licensing arrangement for Apabetalone (RVX-208)

* Resverlogix Corp - license is expected to include an upfront payment and on-going milestone and royalty payments Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below