SAINT LAURENT, QUEBEC--(Marketwire - March 28, 2008) - IntelGenx Technologies Corp. (the “Company”) (OTCBB: IGXT) announced today that it has closed a private placement of 4,001,000 Units (“Units”) at a price of US $0.70 per unit for gross proceeds of USD$2.8 million (the “Offering”). Each Unit consists of a common share (“Common Share”) of the Company and one common share purchase warrant (“Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at a price of US$ 1.02 (“Exercise Price”) for a period ending 24 months after today. The proceeds of the private placement will be used to support the Company’s strategic development projects and for working capital. The private placement was conducted in accordance with available exemptions from the United States Securities Act of 1933, as amended.
