Stockwatch

Pascal Biosciences Inc
Symbol	PAS
Shares Issued	65,594,769
Close 2022-12-05	C$ 0.015
Market Cap	C$ 983,922
Recent Sedar Documents

Pascal proposes delisting from TSX-V, listing on CSE

2022-12-09 17:00 ET - News Release

McClusky Subject: FW: Pascal news release PDF Document File: Attachment Press Release Dec 9, 2022 Pascal.pdf Pascal Biosciences Proposes De-Listing on the TSX.V and Listing on the CSE VANCOUVER, BRITISH COLUMBIA, December 9, 2022- Pascal Biosciences Inc. ("Pascal" or the "Company") (TSXV:PAS) (OTC:PSCBF) (FSE: 6PB-FF). On December 6, 2022 Pascal announced a reorganization which includes: shares for debt, a private placement of $1,500,000, arms-length acquisition of a new asset, name change and consolidation on the basis of one new share for five old shares and a new board of directors and CEO (the "Reorganization"). The TSX.V ("Exchange") has review the proposed asset acquisition and is unable to accept it because of their cannabis policy. The Company has decided to de-list from the Exchange (subject to the approval of the majority of the minority shareholders) and complete the reorganization on the Canadian Securities Exchange ("CSE"). An application will be filed by the Company to have its Shares listed for trading on the CSE. Listing will be subject to the Company fulfilling all the listing requirements of the CSE, including, without limitation, the distribution of the Shares to a minimum number of public shareholders and the Company meeting certain financial and other requirements. The TSX has neither approved nor disapproved the contents of this news release. ABOUT PASCAL BIOSCIENCES INC. Pascal has been a biotechnology company targeting innovative therapies for cancer, including targeted therapies for acute lymphoblastic leukemia and cannabinoid-based therapeutics. Pascal's leading portfolio also comprises a small molecule therapeutic, PAS-403, that is advancing into clinical trials for the treatment of glioblastoma, and PAS-393, an immuno-stimulatory cannabinoid to be used in combination with checkpoint inhibitor therapy. The Company will cease investment in its biotechnology assets but will maintain all patents and explore options for licensing and possible divestment. To learn more, visit: https://www.pascalbiosciences.com/. On Behalf of the Board of Directors Dr. Patrick Gray Company Contact: Dr. Patrick Gray Email: pgray@pascalbiosciences.com Investors: invest@pascalbiosciences.com Tel: (425) 380-2151 Forward-Looking Statements DISCLAIMER Certain statements in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including without limitation statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect" and similar expressions. Such forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause our actual results, events or developments, or industry results, to be materially different from any future results, events or developments express or implied by such forward-looking statements or information. Such factors include, among others, our stage of development, lack of any product revenues, additional capital requirements, risk associated with the completion of clinical trials and obtaining regulatory approval to market our products, the ability to protect our intellectual property, dependence on collaborative partners and the prospects for negotiating additional corporate collaborations or licensing arrangements and their timing. Specifically, certain risks and uncertainties that could cause such actual events or results expressed or implied by such forward-looking statements and information to differ materially from any future events or results expressed or implied by such statements and information include, but are not limited to, the risks and uncertainties that: products that we develop may not succeed in preclinical or clinical trials, or future products in our targeted corporate objectives; our future operating results are uncertain and likely to fluctuate; we may not be able to raise additional capital; we may not be successful in establishing additional corporate collaborations or licensing arrangements; we may not be able to establish marketing and the costs of launching our products may be greater than anticipated; we have no experience in commercial manufacturing; we may face unknown risks related to intellectual property matters; we face increased competition from pharmaceutical and biotechnology companies; and other factors as described in detail in our filings with the Canadian securities regulatory authorities at www.sedar.com. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements and information, which are qualified in their entirety by this cautionary statement. All forward-looking statements and information made herein are based on our current expectations and we undertake no obligation to revise or update such forward- looking statements and information to reflect subsequent events or circumstances, except as required by law. "Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release"