Oct 25 2014
Oncolytics Biotech® Inc. ("Oncolytics" or the "Company") (TSX:ONC; NASDAQ: ONCY) announced today that it has entered into an "at-the-market" (ATM) equity distribution agreement with Canaccord Genuity Inc. acting as sole agent. Under the terms of the distribution agreement, the Company may, from time to time, sell shares of its common stock having an aggregate offering value of up to $20 million through Canaccord Genuity Inc. The Company will determine, at its sole discretion, the timing and number of shares to be sold under this ATM facility.
"Entering into this agreement further improves our financial flexibility by providing us with another option when accessing capital," said Dr. Brad Thompson, President and CEO of Oncolytics.