SAINT LAURENT, QUEBEC--(Marketwire - February 20, 2009) - IntelGenx Technologies Corp. (TSX VENTURE: IGX)(OTCBB: IGXT)(“IntelGenx” or the “Company”) confirms that the shareholders of the Company (the “Shareholders”) approved the amendment of the 2006 Stock Option Plan (the “Plan”) to increase the number of shares available for issuance under the Plan from 1,600,749 to 2,074,000, or 10% of the Company’s issued and outstanding shares as of July 28, 2008, at the Company’s 2008 Annual General Meeting (the “Meeting”) on September 8, 2008.
At the Meeting, the Shareholders also re-elected each of the directors of the Company and reappointed RSM Richter as the auditors of the Company for the year 2008.
The Company has granted to Mr. John A. Troup, a director of the Company, incentive stock options for the purchase of a total of 75,000 common shares of the Company at an exercise price of C$0.90 each until September 8, 2013. In addition, the Company has granted to Mr. Paul A. Simmons, the Chief Financial Officer of the Company, incentive stock options for the purchase of a total of 100,000 common shares of the Company at an exercise price of C$0.90 each until September 8, 2013. The options are being granted pursuant to the terms of the Plan.
ABOUT INTELGENX TECHNOLOGIES CORP.
IntelGenx Technologies Corp. is a drug delivery company focused on the development of oral controlled-release products as well as novel rapidly disintegrating delivery systems. The Company uses its unique multiple layer delivery system to provide zero-order release of active drugs in the gastro-intestinal tract. IntelGenx has also developed novel delivery technologies for the rapid delivery of pharmaceutically active substances in the oral cavity based on its experience with rapidly disintegrating films. The company’s research and development pipeline includes products for the treatment of osteoarthritis, pain management, hypertension, and smoking cessation.
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Contacts:
IntelGenx Technologies Corp.
Ingrid Zerbe
Corporate Secretary
(514) 331-7440 (ext. 202)
(514) 331-0436 (FAX)
Email: ingrid@IntelGenx.com
Website: www.intelgenx.com