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Aeterna Zentaris Announces Exercise of Series B Warrants

QUEBEC CITY, Nov. 12, 2015 /PRNewswire/ - Aeterna Zentaris Inc. (NASDAQ: AEZS) (TSX: AEZ) (the "Company") announced today that 1,906,451 Series B Common Share Purchase Warrants (the "Series B Warrants") remained outstanding and that there were approximately 632.7 million Common Shares issued and outstanding at the close of business on November 11, 2015.

David A. Dodd, Chairman, President and Chief Executive Officer of the Company explained, "The holders of Series B Warrants who agreed on November 1, 2015 to exercise all of the approximately 4.1 million Series B Warrants then held by them have now exercised 2,270,638 of such Series B Warrants. There remain outstanding 1.1 million Series B Warrants held by one of the holders who is a party to the November 1 agreement and 806,451 Series B Warrants held by a holder who did not become a party to the November 1 agreement. At the conversion ratio specified in the November 1 agreement the 1.1 million Series B Warrants held by the participating...