ST. MARYS, W.Va.--(BUSINESS WIRE)--ProtoKinetix, Incorporated (OTC:PKTX) (www.protokinetix.com) (“ProtoKinetix” or the “Company”) is pleased to announce that it has completed the acquisition of a portion of certain patents and all rights associated therewith (the “Patent Rights”) pursuant to the Technology Transfer Agreement entered into with Grant Young on or about April 22, 2015. In exchange for the Patent Rights, Mr. Young will receive $10,000 in cash and a five-year warrant to purchase 6,000,000 shares of the Company’s common stock at an exercise price of $0.10 per share.
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