BELLUS Health Inc. Announces Record Date for $12 Million Rights Offering To Common Shareholders

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[{"type":"text","content":"\n\n\n\nLAVAL, QC, July 15 /CNW Telbec/ - BELLUS Health Inc. (TSX: BLU) today\nannounced that it has set August 5, 2009, as the record date for its\npreviously announced C$12,080,018 rights offering to holders of its common\nshares.\n\n\nUnder the terms of the rights offering, one right will be issued for each\ncommon share outstanding as of the record date. Holders of common shares of\nBELLUS Health resident in Canada (the "Eligible Shareholders") will be\nentitled to exercise rights to subscribe for common shares of BELLUS Health.\nEach 0.80 of a right will entitle Eligible Shareholders to purchase one common\nshare of BELLUS Health at C$0.185 (the "Subscription Price"). The Subscription\nPrice represents a 25% discount off the volume weighted average price of\nBELLUS Health's common shares on the Toronto Stock Exchange during the five\n(5) trading days immediately preceding the announcement of the rights offering\non July 7, 2009. The rights will be exercisable until 5 p.m. (Montreal time)\non September 4, 2009.\n\n\nEach of Victoria Square Ventures Inc. and Vitus Investments III Private\nLimited, a corporation whose shares are beneficially owned by Mr. Carlo\nBellini, have entered into separate standby purchase commitments with BELLUS\nHealth whereby they have agreed, on a separate and individual and not solidary\nbasis, to purchase such of the common shares that are not otherwise purchased\nunder the rights offering for a subscription price of C$4,000,000 each for an\naggregate amount of C$8,000,000.\n\n\nDue to applicable securities law and regulatory restrictions, only\nEligible Shareholders will be able to exercise rights. Computershare Investor\nServices Inc., as the rights agent, will attempt to sell the rights of holders\nof common shares other than Eligible Shareholders and remit the proceeds of\nany such sale, net of applicable expenses to such other shareholders. Due to\nsuch securities law and regulatory restrictions, the offering is not available\nto holders of securities of BELLUS Health other than holders of common shares.\n\n\nAbout BELLUS Health\n\n\nBELLUS Health is a global health company focused on the development and\ncommercialization of products to provide innovative health solutions to\naddress critical unmet needs.\n\n\nTo Contact BELLUS Health\n\n\nFor additional information on BE...

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