Protox Therapeutics Inc. Receives $5.2 Million to Date from Exercise of Warrants

VANCOUVER, Oct. 26 /CNW/ - Protox Therapeutics Inc. (TSX-V:PRX), a leader in advancing novel, targeted protein toxin therapeutics for the treatment of cancer and other proliferative diseases, announced today that it has already received a total of approximately $5.2 million of a potential $7.7 million from the exercise of warrants issued as a result of the two tranches of a private placement financing dated November 4 and 17, 2005. This brings the approximate current cash position of the Company to just over $10.0 million.