ST. MARYS, W. Va.--(BUSINESS WIRE)--ProtoKinetix, Incorporated (OTC: PKTX) (the "Company" or "Protokinetix") (www.protokinetix.com) is pleased to announce that it has completed a private placement (the “Offering”) for gross proceeds of $125,000. The Company has issued 2,500,000 shares of common stock at a price of $0.05 per share. One of the purchasers under the Offering is the President and Chief Executive Officer of the Company, Clarence E. Smith, who invested $75,000 for the purchase of 1,500,000 shares of common stock of the Company.
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