Aequus Announces Proposed $300,000 Equity Financing

VANCOUVER, BC--(Marketwired - January 11, 2018) -

NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Aequus Pharmaceuticals Inc. (TSX VENTURE: AQS) (OTCQB: AQSZF) ("Aequus" or the "Company"), a specialty pharmaceutical company with a focus on developing, advancing and promoting differentiated products, is pleased to announce that it intends to complete a non-brokered private placement of 1,000,000 units of the Company (the "Units") at a price of $0.30 per Unit (the "Offering Price"), for aggregate gross proceeds of $300,000 (the "Private Placement") to a single subscriber that has recently been engaged by Aequus as a branding and marketing consultant. Each Unit shall consist of one common share of the Company and one non-transferrable common share purchase warrant (each, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one common share at an exercise price of $0.50 for a period of twenty-four (24) months following the Closing Date. The Warrants will include an acceleration provision, exercisable at the Company's option, if the Company's daily volume weighted average share price is greater than $0.85 for 10 consecutive trading days.

Aequus intends to use the net proceeds of the Offering for general corporate purposes. Securities issued under the Private Placement will be subject to a four month hold period in Canada following the date of closing and will be "restricted securities" as defined in U.S. federal securities laws. The Private Placement is expected to close on or about the week of January 22nd, 2018. Completion of the Private Placement subject to a number of conditions, including the execution of definitive documentation and receipt of any required regulatory approvals, including receipt of the approval of the TSX Venture Exchange for the listing of the common shares issuable on closing and issuable upon the exercise of the Warrants.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold to persons in the United States absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.