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RESEARCH TRIANGLE PARK, NORTH CAROLINA--(Marketwired - April 8, 2016) - Fennec Pharmaceuticals Inc. (TSX:FRX)(OTCQB:FENCF) (the "Company" or "Fennec"), a specialty pharmaceutical company focused on the development of Sodium Thiosulfate (STS) for the prevention of platinum-induced chemotherapy ototoxicity in pediatric patients, announced today that it intends to complete a non-brokered private placement (the "Offering") of 2,631,579 common shares for gross proceeds of US$5,000,000. The common shares of the Company (the "Shares") will be issued at a price of US$1.90 per Share. The current number of outstanding Shares, without giving effect to the Offering, is 11,006,988. |
