TSX Exchange Symbol: RVX
CALGARY, Oct. 13 /CNW/ - Resverlogix Corp. ("Resverlogix" or the "Company") (TSX:RVX) announces that Mr. A. Brad Cann, CA will be joining the firm on October 26, 2009 as its Chief Financial Officer. Mr. Cann will be responsible for leading the Company's financial reporting and compliance, accounting, treasury, internal audit and legal. In addition he will share responsibilities for investing, financial and partnering transactions. Resverlogix is a biotechnology company focused on delivering novel therapeutics for diseases with significant unmet medical needs. The Company is developing an oral small molecule therapeutic to treat atherosclerosis and cardiovascular disease.
"We are very pleased to add Brad to our team of professionals. He has a number of areas of expertise that will round out the collective expertise within Resverlogix including developing strategic initiatives, securing financings for publicly traded companies and he is a Chartered Business Valuator. Brad succeeds Mr. Kelly McNeill who was Resverlogix's previous CFO and he will be nominated as a corporate director at the upcoming October 15th, 2009 Annual General Meeting," said Donald J. McCaffrey, President and CEO of Resverlogix.
Previous to joining Resverlogix Mr. Cann worked for Royal Host Real Estate Investment Trust where he held a number of positions including most recently Executive Vice President and Chief Financial Officer. Prior to joining Royal Host, Brad worked as a financial and business consultant and held senior management positions with several companies including Chief Financial Officer of a sulphur export development company. Previously, Brad held various positions with a chartered accounting firm. Brad holds a Bachelor of Commerce Degree from the University of Saskatchewan and he is a Chartered Accountant and a Chartered Business Valuator.
About Resverlogix Corp.
Resverlogix Corp. is a leading biotechnology company engaged in the development of novel therapies for important global medical markets with significant unmet medical needs. The NexVas(TM) PR program is the Company's primary focus which is to develop novel small molecules that enhance ApoA-I. These vital therapies address the burden of atherosclerosis and other important diseases such as Acute Coronary Syndrome, Diabetes, Alzheimer's disease, Peripheral Artery Disease and other vascular disorders. Resverlogix Corp. trades on the Toronto Stock Exchange (TSX:RVX). For further information please visit www.resverlogix.com.
This news release may contain certain forward-looking statements as defined under applicable Canadian securities legislation, including our vision to be a leader in the research, development and commercialization of novel therapeutics that reduce the risk of cardiovascular disease including atherosclerosis, diabetes, Alzheimer's disease, Peripheral Artery Disease and other vascular diseases. These forward-looking statements contained herein that are not based on historical fact, including without limitation statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. Our actual results, events or developments could be materially different from those expressed or implied by these forward-looking statements. We can give no assurance that any of the events or expectations will occur or be realized. By their nature, forward-looking statements are subject to numerous known and unknown risks and uncertainties including but not limited to those associated with the success of research and development programs, clinical trial programs, the regulatory approval process, competition, securing and maintaining corporate alliances, market acceptance of the Company's products, the availability of government and insurance reimbursements for the Company's products, the strength of intellectual property, financing capability, the potential dilutive effects of any financing, reliance on subcontractors and key personnel and additional risk factors discussed in other documents we file from time to time with securities authorities, which are available through SEDAR at www.sedar.com. Additionally, risks and uncertainties are discussed in detail on page 22 of the July 31, 2009 MD&A. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The TSX Exchange does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE Resverlogix Corp.
For further information: For further information: Theresa Kennedy, VP, Corporate Communications, Resverlogix Corp., Phone: (403) 254-9252; Fax: (403) 256-8495, Email: Theresa@resverlogix.com; Donald McCaffrey, President & CEO, Resverlogix Corp., Phone: (403) 254-9252, Fax: (403) 256-8495, Email: Don@resverlogix.com