IntelGenx Technologies Corp. Notice of Warrant Exercise Price Adjustment (March 2008)
IntelGenx Technologies Corp. has notified the holder of an Amended and Restated Common Stock Purchase Warrant, originally issued on March 19, 2008, that the exercise price has been reduced from $1.02 to $0.80. This adjustment is due to a private placement completed by the company on March 27, 2008, and is made in accordance with the terms of the warrant. The new exercise price reflects the company's common stock price at the close of the private placement.
Exhibit 10.1
Reference is made to the Amended and Restated Common Stock Purchase Warrant (the "Amended Warrant") issued to you on March 19, 2008 by IntelGenx Technologies Corp. (the "Company").
The purpose of this letter is to notify you that the exercise price of the Amended Warrant has been adjusted from $1.02 to $0.80 as a result of the private placement completed by IntelGenx on March 27, 2008 (the "Private Placement").
In accordance with Section 3(b) of the Amended Warrant, the adjusted exercise price of $0.80 represents the price of the Company's common stock on the March 27, 2008 closing date of the Private Placement.
Please do not hesitate to contact us should you have any questions or require any additional information.
