Oncolytics Biotech Inc (ONCY)

[Paulness]

ONCY is letting us know they are going to sell some shares, they can raise up to 30 million depends on the share price I think they have very good news that could push the share price up past $8.00 dollars a share , not much dilution with these shares they want to sell 3.747 million shares.

35,685,543 Common Shares (non-diluted) after the issuance of up to 3,746,835 Common Shares, assuming a sales price of US$3.95 per Common Share, which was the closing price of the Common Shares on NASDAQ on January 2, 2020, for the US$30,000,000 that may be sold from time to time through the Agent, subject to a maximum of US$14,800,000 under this Prospectus Supplement. The actual number of Common Shares issued and outstanding will vary depending on the actual sales prices and aggregate dollar amount sold under the Offering.