TORONTO, ONTARIO -- (Marketwired) -- 11/11/13 -- NEXGENRX INC. ("NexgenRx" or the "Corporation") (TSX VENTURE: NXG) announces that it has made application to the TSX Venture Exchange (the "Exchange") to extend the term of all outstanding common share purchase warrants granted pursuant to the Corporation's private placement which closed on November 26, 2010 (the "Warrants") from thirty-six (36) months to sixty (60) months from the date of issuance in accordance with Exchange policies. The Warrants that are the subject of the extension application consist of an aggregate of 2,583,416 Warrants, each with an exercise price of $0.35 per Warrant. The foregoing Warrants are set to expire on November 26, 2013 and the application being submitted to the Exchange is to extend the expiry date until November 26, 2015.
NexgenRx is a growing health benefits management company engaged in the design, management and administration of health benefit plans offered by employers and other plan sponsors for the benefit of their employees and plan members. More information on NexgenRx can be found at www.nexgenrx.com.
Caution Regarding Forward-Looking Statements - This news release contains certain forward looking statements, including statements regarding the business and anticipated financial performance of the Corporation. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.
Ronald C. Loucks
President and CEO
Director of Finance