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Kalytera Announces Appointment of Victoria Rudman as Interim Chief Financial Officer and Additional Payments in Shares under Payments Agreements with Salzman Group
Kalytera Announces Appointment of Victoria Rudman as Interim Chief Financial Officer and Additional Payments in Shares under Payments Agreements with Salzman Group.
About this update from Claritas Pharmaceuticals Inc.
[{"type":"text","content":"\nSAN FRANCISCO and TEL AVIV, Israel, June 29, 2018 (GLOBE NEWSWIRE) -- Kalytera Therapeutics, Inc. (TSX VENTURE:KALY) (OTCQB:KALTF) (the \"Company\" or \"Kalytera\") today announced the appointment of Victoria Rudman as Interim Chief Financial Officer, Treasurer and Secretary.\n Ms. Rudman brings over 20 years of financial leadership in the financial services and life sciences sectors to Kalytera.  She served as Chief Financial Officer of Kalytera from March 2015 through June 2016 and continued to serve as Treasurer and Secretary of Kalytera since March 2015.  Ms. Rudman will assist the Company in the Chief Financial Officer role on an interim basis as Kalytera works towards hiring a candidate to fill the CFO position for the longer term. Ms. Rudman previously held various positions in Morgan Stanley and  Bear Stearns and a number of small cap public companies and startup ventures. Share Issuances to The Salzman Group Kalytera also announces today that the Company has elected to issue 978,099 common shares of the Company (“Common Shares”) to The Salzman Group in payment of the most recent invoice issued under the services agreement with The Salzman Group previously announced on December 7, 2017 (the “December 2017 Agreement”).  Under the December 2017 Agreement, The Salzman Group provides, among other services, clinical study management services in relation to the Phase 2 study evaluating the use of cannabidiol in the prevention of graft versus host disease. The invoice owing to The Salzman Group is in the amount of US$112,798 (or C$149,649.11 based on the daily average exchange rate for June 28, 2018 published by the Bank of Canada).  The number of Common Shares to be issued is based on a deemed issue price of C$0.153 per Common Share, being 90% of the closing price of the Common Shares on the TSXV on June 28, 2018, the trading day prior to the Company’s election to pay the invoice in Common Shares.  The Common Shares are expected to be issued to The Salzman Group today. Also, as previously announced, the Company entered into an additional agreement with The Salzman Group and its affiliates on June 15, 2018 (the “June 2018 Agreement”).  Under the June 2018 Agreement, The Salzman Group and its affiliates provide general and administrative support servi...