And we know $LXGTF has the funds to see clinicals through also per the Jan 11 announcement:
Lexington Biosciences Announces Exercise of Warrants Jan 11, 2018 OTC Disclosure & News Service
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VANCOUVER, British Columbia, Jan. 11, 2018 (GLOBE NEWSWIRE) -- Lexington Biosciences, Inc. (CSE:LNB) (OTCQB:LXGTF) (the “Company” or “Lexington”), a development-stage medical device company, is pleased to announce that 5,497,500 share purchase warrants which were issued on November 24, 2016 and December 20, 2016 have been exercised on or before December 20, 2017 at a price of $0.30 per warrant for gross proceeds of $1,649,250.
As a result of the exercise of these warrants, the Corporation now has 37,853,401 common shares outstanding.
Lexington’s President Eric Willis comments, “We are encouraged by the positive response of our shareholders in exercising the majority of warrants that were set to expire before the end of 2017. The proceeds received will be used by the Company to continue its near-term strategy of commencing study enrollment in our upcoming HeartSentry clinical study in order to gather the foundational dataset aimed at supporting FDA clearance.”
Additional regulatory information regarding Lexington Biosciences is available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com or the Corporation’s website at www.lexingtonbiosciences.com.
To find out more about Lexington Biosciences business, management and operations, interested readers are invited to visit our website and view our video featuring principal HeartSentry inventor Dr. Jonathan Maltz, Ph.D., which provides an excellent overview of our business proposition and opportunity ahead. Please also follow us on Facebook, Twitter and LinkedIn.
About Lexington Biosciences, Inc. (CSE: LNB / OTCQB: LXGTF) Lexington Biosciences is a medical device company developing the HeartSentry, a new non-invasive diagnostic device to measure and monitor cardiovascular health by assessing the function of a person’s vascular endothelium - the vital innermost lining of a person’s cardiovascular system. Currently, the standard of care is measurement using expensive external ultrasound by a highly trained technician. The HeartSentry core technology was developed at the University of California Berkeley over a fifteen-year R&D period involving many research studies and product iterations resulting in a portfolio of multiple pending and issued patents licensed to the company. Our aim is to make HeartSentry accurate, quick, and cost effective so it can become the standard of care for cardiologists, general practitioners, and ultimately patients for first line evaluation of a person’s cardiovascular health. Lexington is engaged with the US FDA and other regulatory agencies on the required product approvals for the HeartSentry. For more information about the company please visit: https://lexingtonbiosciences.com/.
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