Avivagen Gives Second Replace on Non-Middleman Non-public Placement

OTTAWA, Ontario–(BUSINESS WIRE)–Avivagen Inc. (TSXV: VIV) (“Avivagen“or the”Firm”) broadcasts that the TSX Enterprise Alternate has granted a second extension of as much as 30 days for the completion of the stability of the Firm’s beforehand introduced non-brokered non-public placement of as much as $5,000,000 (the “Supply“) by issuing models of the Firm (every, a “Unity”) at a worth of $0.20 per unit. Every unit consists of 1 peculiar share within the capital of the Firm (every a “Abnormal share“) and one frequent share buy warrant (every complete warrant, a “To ensure”). Every warrant could also be exercised to accumulate one frequent share for a interval of 5 years following the date of problem at an train worth of $0.30 per share. To this point, the Firm has accomplished two tranches of the Providing, producing gross proceeds of $2,064,236 from the sale of 10,321,180 Models (for additional particulars relating to the providing, please see the Firm’s press releases). Firm dated April 28, Could 6 and Could 31, 2022).

About Avivagen

Avivagen is a life sciences firm targeted on the event and commercialization of merchandise for livestock, companion animals and human functions. By unlocking a uncared for side of β-carotene exercise, a pathway has been opened to soundly and economically help immune perform, thereby selling general well being and efficiency in animals. Avivagen is a public firm listed on the TSX Enterprise Alternate beneath the image VIV and headquartered in Ottawa, Canada, at amenities in partnership with the Nationwide Analysis Council of Canada and in Charlottetown, PEI. of Prince Edward. For extra data, go to www.avivagen.com. The content material of the web site is expressly not included by reference on this press launch.

Discover Relating to Ahead-Trying Statements

This press launch comprises forward-looking statements. Usually, however not all the time, forward-looking statements might be recognized by means of phrases reminiscent of “anticipates”, “expects” or “doesn’t count on”, “is anticipated”, “estimates”, ” intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of those phrases and phrases or state that sure actions, occasions or outcomes “might”, “might”, “would” , “might” or “would” be taken, happen or be affected. Ahead-looking statements contain recognized and unknown dangers, uncertainties and different components that will trigger Avivagen’s precise outcomes, efficiency or achievements to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements. forward-looking statements. Examples of such statements embrace the opportunity of extra closings of the Providing. The closing of the providing is topic to quite a lot of customary circumstances, together with the approval of relevant securities commissions and the TSX Enterprise Alternate, a few of that are past Avivagen’s management. Purchasers aren’t required to take part in any additional closing of the providing and such additional closing could not happen. The forward-looking statements included on this press launch are made as of the date of this press launch, and Avivagen undertakes no obligation to publicly replace such forward-looking statements to replicate new data, subsequent occasions or in any other case, besides as required by regulation. in relevant securities requires it. .

Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.

Copyright © 2022 Avivagen Inc. OxC-beta™ is a trademark of Avivagen Inc.

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