ADHEREX TECHNOLOGIES INC | 2013 | FY | 3


At December 31, 2013, the Company had the following warrants outstanding to purchase common stock priced in Canadian dollars with a weighted average exercise price of $1.44 and a weighted average remaining life of 2.6 years. The Company also had warrants outstanding to purchase common stock priced in U.S. dollars with a weighted average price of $0.50 and a weighted average remaining life of 6.9 years: 
 
Warrant Description
 
Common Shares Issuable Upon
Exercise of Outstanding
 
 
 
 
 
 
(Warrants in thousands)
 
Warrants at December 31, 2013
 
Exercise Price CND/USD
 
Expiration Date
 
Investor Warrants (1)
 
 
13,337
 
$
1.44 CND
 
April 30, 2015
 
Investor Warrants (2)
 
 
4,698
 
$
1.44 CND
 
March 29, 2016
 
Investor Warrants (3)
 
 
4,000
 
$
0.50 USD
 
November 22, 2020
 
 
 
 
22,035
 
 
 
 
 
 
 
(1) On April 30, 2010, the Company announced that it had completed a first closing of a non-brokered private placement (“Private Placement”) of 240,066 units, at a price of $0.03 CAD per unit for net proceeds of CAD$7,200. Each unit consisted of one common share and one common share purchase warrant (a “Warrant”). As a result of the Share Consolidation, each eighteen (18) Warrants now entitle the holder thereof to purchase one common share of the Company at a purchase price of CAD$1.44 per whole share for a period of five years from the issue date.
 
(2) On March 29, 2011, the Company announced that it had completed a non-brokered rights offering of 84,559 units, at a price of $0.03 CAD per unit for total net proceeds of $2,547. Each unit consisted of one common share and one common share purchase warrant (a “Warrant”). As a result of the Share Consolidation, each eighteen (18) Warrants now entitle the holder thereof to purchase one common share of the Company at a purchase price of CAD$1.44 per whole share for a period of five years from the issue date.

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