Resverlogix Announces Details of Anticipated Distribution of Newco Shares

About this update from Resverlogix Corp.

[{"type":"text","content":"\n\n\nCALGARY, May 27, 2013 /CNW/ - Resverlogix Corp. (TSX:RVX)\n (\"Resverlogix\") announced that further to its previously announced Plan\n of Arrangement (the \"Arrangement\") to spin-out its subsidiary RVX\n Therapeutics Inc. (\"RVX Therapeutics\") to Zenith Epigenetics Corp.\n (formerly 1741273 Alberta Ltd.), a newly-incorporated company\n (\"Newco\"), the record date for the distribution of common shares of\n Newco (\"Newco Shares\") is May 31, 2013. Upon completion of the\n Arrangement, shareholders of Resverlogix will own one common share of\n Resverlogix and one Newco Share for each common share of Resverlogix\n held immediately prior to the Arrangement becoming effective.\n\n\nThe Toronto Stock Exchange (the \"TSX\") has determined that its \"Due\n Bills\" trading procedure will apply to the distribution of Newco Shares\n pursuant to the Arrangement.  Trades of common shares of Resverlogix\n (\"Resverlogix Shares\") entered into from and including May 29, 2013\n until June 3, 2013 (the anticipated effective date of the Arrangement\n and the distribution payment date) will have a Due Bill attached which\n will allow the purchaser of Resverlogix Shares to receive the\n applicable distribution of Newco Shares instead of the seller of\n Resverlogix Shares, even if such trades are settled after the May 31,\n 2013 distribution record date.\n\n\nEx-distribution trading of the Resverlogix Shares will commence at the\n opening of the TSX on June 4, 2013.  Investors who enter into trades to\n purchase Resverlogix Shares on or after the ex-distribution date of\n June 4, 2013 will not be entitled to the distribution.  The Due Bills\n will be redeemed on June 6, 2013 once all trades with attached Due\n Bills entered into up to June 3, 2013 have settled.\n\n\nThe anticipated dates provided may change for a number of reasons,\n including inability to secure necessary shareholder, regulatory, court\n or other third party approvals in the time assumed or the need for\n additional time to satisfy the other conditions to the completion of\n the Arrangement.  Investors are encouraged to consult with their\n financial advisors regarding the specific implications of buying or\n selling Resverlogix Shares before, on or after the anticipated\n effective date of the Arrangement.\n\n\nPursuant to the Arrangement, Resverlogix...

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