Subject: News Release for Immediate Dissemination (CSE: WBIO) [BLC-ACTIVE.FID1651094]
PDF Document
File: Attachment WPDNewsReleaseFeb132025.pdf
ACRX INVESTMENT IN WPD'S FORMER SUBSIDIARY
VANCOUVER, British Columbia, February 13, 2025 WPD Pharmaceuticals Inc. (CSE:
WBIO) (FSE: 8SV1) (the "Company" or "WPD") announces that WPD Pharmaceuticals S.A.
("WPD Poland"), the successor to the Company's former subsidiary, has received additional cash
funds of PLN 1 009 992.90 PLN (approx. CAD$358,275) from ACRX Investments Limited
("ACRX") in exchange for the issuance of 93,345 shares of WPD Poland pursuant to an
investment agreement between ACRX and WPD Poland. These funds were registered by the
Polish court on January 23 2025. Following the investment by ACRX, the Company's percentage
share ownership in WPD Poland was reduced to approximately 4.0 % of the total issued shares
of WPD Poland. The Company no longer controls WPD Poland and is a minority shareholder.
The largest shareholders of WPD Poland are ACRX and Houston Pharmaceuticals Inc.
The Company has no active business. The Company will seek to raise additional funds to provide
general working capital. Subject to raising additional capital, the Company intends to identify and
evaluate opportunities for investment in or acquisition of companies dedicated to fostering growth
and innovation in the sectors of biopharmaceuticals, healthcare or technology. There can be no
assurance that the Company will secure additional funding or complete an acquisition of other
businesses, assets or investments.
On behalf of the Board
`Mariusz Olejniczak'
Mariusz Olejniczak
CEO, WPD Pharmaceuticals
Contact:
Investor Relations
Email: investors@wpdpharmaceuticals.com
Tel: 604-428-7050
Web: www.wpdpharmaceuticals.com
Cautionary Statements:
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization
of Canada accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements. Forward-looking statements are
statements that contemplate activities, events, or developments that the Company anticipates will
or may occur in the future. These forward-looking statements reflect the Company's current
expectations based on information currently available to management and are subject to a
- 2 -
number of risks and uncertainties that may cause outcomes to differ materially from those
projected. Factors which may prevent the forward-looking statement from being realized include,
among others, that we are unable to identify and complete the acquisition of a business, assets
or investment, and that we are unable to raise sufficient funding to complete any such acquisition.
The Company assumes no obligation to update forward- looking statements, except as required
by applicable law.
© 2025 Canjex Publishing Ltd. All rights reserved.