{"id":395270,"date":"2020-12-08T08:18:30","date_gmt":"2020-12-08T13:18:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=395270"},"modified":"2020-12-08T08:18:30","modified_gmt":"2020-12-08T13:18:30","slug":"intelgenx-announces-issuance-of-shares-in-payment-of-interest-on-outstanding-debentures","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/intelgenx-announces-issuance-of-shares-in-payment-of-interest-on-outstanding-debentures\/","title":{"rendered":"IntelGenx Announces Issuance of Shares in Payment of Interest on Outstanding Debentures"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SAINT-LAURENT, Quebec, Dec.  08, 2020  (GLOBE NEWSWIRE) &#8212; IntelGenx Technologies Corp. (TSXV: IGX) (OTCQB: IGXT) (the \u201c<strong>Company<\/strong>\u201d or \u201c<strong>IntelGenx<\/strong>\u201d) announces that it intends to issue 899,940 common shares of the Corporation (the \u201c<strong>Common Shares<\/strong>\u201d) at a deemed price of CAD $0.335 per Common Share in payment of an aggregate of $301,480 in interest owing on the Corporation\u2019s 8.00% convertible unsecured subordinated debentures due June 30, 2022 (the \u201c<strong>Debentures<\/strong>\u201d).<\/p>\n<p align=\"justify\">Under the terms of the trust indenture governing the Debentures (the \u201c<strong>Indenture<\/strong>\u201d), the Corporation has the option to pay the semi-annual interest on the Debentures in either cash or Common Shares, subject to customary conditions set forth in the Indenture. The issuance of the Common Shares in payment of interest on the Debentures is subject to the acceptance by the TSX Venture Exchange Inc. The Common Shares issued in payment of interest on the Debentures will be issued pursuant to exemptions from the prospectus requirements of applicable securities laws.<\/p>\n<p align=\"justify\">About IntelGenx:<\/p>\n<p align=\"justify\">IntelGenx is a leading drug delivery company focused on the development and manufacturing of pharmaceutical films.<\/p>\n<p align=\"justify\">IntelGenx\u2019s superior film technologies, including VersaFilm\u00ae and VetaFilm\u2122, as well as its transdermal development and manufacturing capabilities, allow for next generation pharmaceutical products that address unmet medical needs. IntelGenx\u2019s innovative product pipeline offers significant benefits to patients and physicians for many therapeutic conditions.<\/p>\n<p align=\"justify\">IntelGenx&#8217;s highly skilled team provides comprehensive pharmaceuticals services to pharmaceutical partners, including R&amp;D, analytical method development, clinical monitoring, IP and regulatory services. IntelGenx&#8217;s state-of-the-art manufacturing facility offers full service by providing lab-scale to pilot- and commercial-scale production. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vHzMLbEvGf9QM1ZYIsyvB9tBmorxDLDoUO1BW6dc8Q0OyZ3LmxX7dBnffywu7dxupz5oMPBNAZN1aHqO14DaqA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.intelgenx.com<\/a>.<\/p>\n<p align=\"justify\">\n        <em>Neither TSX Venture Exchange nor its Regulation Services Provider (as that term <\/em><br \/>\n        <em>is defined<\/em><br \/>\n        <em> in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer or solicitation of sale would be unlawful.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <strong>For more information, please contact:<\/strong>\n      <\/p>\n<p align=\"justify\">Stephen Kilmer<br \/>Investor Relations<br \/>(514) 331-7440 ext 232 <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ya2sBtP9Gjpw_B7GGwoQB1RBaEXaUkEIVRIKgtXAW0mp3malcdDYPNlhlhg-G7M243t5u2Tw3Eon7lqv5ABROlY2kBvBkearQXAmmorrXdc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">stephen@intelgenx.com<\/a><\/p>\n<p align=\"justify\">OR<\/p>\n<p align=\"justify\">Andre Godin, CPA, CA<br \/>President and CFO<br \/>IntelGenx Technologies Corp.<br \/>(514) 331-7440 ext 203<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ihaz6MG65vB6TpeNJqNl5bgMuuIaQB29UNq-qdPsgPe4qVIj3P9aR4-OzjkIqmSbMx_arMYr0inSTMG6Sv6L4dghS46wLH9_8_c_fBorFMA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">andre@intelgenx.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODIxMiMzODYwNTQzIzIwODE4NTI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/9b18bd00-4362-4682-af3c-b9ec9f64505f\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAINT-LAURENT, Quebec, Dec. 08, 2020 (GLOBE NEWSWIRE) &#8212; IntelGenx Technologies Corp. (TSXV: IGX) (OTCQB: IGXT) (the \u201cCompany\u201d or \u201cIntelGenx\u201d) announces that it intends to issue 899,940 common shares of the Corporation (the \u201cCommon Shares\u201d) at a deemed price of CAD $0.335 per Common Share in payment of an aggregate of $301,480 in interest owing on the Corporation\u2019s 8.00% convertible unsecured subordinated debentures due June 30, 2022 (the \u201cDebentures\u201d). Under the terms of the trust indenture governing the Debentures (the \u201cIndenture\u201d), the Corporation has the option to pay the semi-annual interest on the Debentures in either cash or Common Shares, subject to customary conditions set forth in the Indenture. The issuance of the Common Shares in payment of interest on the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/intelgenx-announces-issuance-of-shares-in-payment-of-interest-on-outstanding-debentures\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;IntelGenx Announces Issuance of Shares in Payment of Interest on Outstanding Debentures&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-395270","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IntelGenx Announces Issuance of Shares in Payment of Interest on Outstanding Debentures - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/intelgenx-announces-issuance-of-shares-in-payment-of-interest-on-outstanding-debentures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IntelGenx Announces Issuance of Shares in Payment of Interest on Outstanding Debentures - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAINT-LAURENT, Quebec, Dec. 08, 2020 (GLOBE NEWSWIRE) &#8212; IntelGenx Technologies Corp. (TSXV: IGX) (OTCQB: IGXT) (the \u201cCompany\u201d or \u201cIntelGenx\u201d) announces that it intends to issue 899,940 common shares of the Corporation (the \u201cCommon Shares\u201d) at a deemed price of CAD $0.335 per Common Share in payment of an aggregate of $301,480 in interest owing on the Corporation\u2019s 8.00% convertible unsecured subordinated debentures due June 30, 2022 (the \u201cDebentures\u201d). Under the terms of the trust indenture governing the Debentures (the \u201cIndenture\u201d), the Corporation has the option to pay the semi-annual interest on the Debentures in either cash or Common Shares, subject to customary conditions set forth in the Indenture. 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(TSXV: IGX) (OTCQB: IGXT) (the \u201cCompany\u201d or \u201cIntelGenx\u201d) announces that it intends to issue 899,940 common shares of the Corporation (the \u201cCommon Shares\u201d) at a deemed price of CAD $0.335 per Common Share in payment of an aggregate of $301,480 in interest owing on the Corporation\u2019s 8.00% convertible unsecured subordinated debentures due June 30, 2022 (the \u201cDebentures\u201d). Under the terms of the trust indenture governing the Debentures (the \u201cIndenture\u201d), the Corporation has the option to pay the semi-annual interest on the Debentures in either cash or Common Shares, subject to customary conditions set forth in the Indenture. 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