ST. MARYS, W. Va.--(BUSINESS WIRE)--ProtoKinetix, Incorporated (OTC: PKTX) (www.protokinetix.com) today announced that it has retired its two largest debts to its largest creditor.
On March 2, 2015, ProtoKinetix, Incorporated, a Nevada corporation (“ProtoKinetix”) entered into a Settlement and Indemnity Agreement by and between ProtoKinetix, Standard Bankcorp Inc. (“Standard Bankcorp”), and Mark Ralston to extinguish certain of ProtoKinetix’s debts (the “Settlement Agreement”) as approved by the Company’s Board of Directors.
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