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Neovasc Announces Filing to Renew Shelf Prospectus and Registration Statement

NASDAQ: NVCN TSX: NVCVANCOUVER, May 13, 2016 /PRNewswire/ - Neovasc Inc. ("Neovasc" or the "Company") NVCN, -73.36% (NVC) today announced that it has filed a preliminary short form base shelf prospectus with certain securities regulatory authorities in Canada and a corresponding shelf registration statement with the United States Securities and Exchange Commission (the "SEC") on Form F-10. The Company has no immediate plans to sell securities under the shelf prospectus. The filing is intended to restore the original capacity which was available to Neovasc under its previous base shelf prospectus which will expire on June 13, 2016.

Once the shelf prospectus is cleared and the shelf registration statement becomes effective, these filings will, subject to securities regulatory requirements, provide for the potential offering in Canada and the United States of up to an aggregate of U.S.$200,000,000 of Neovasc's common shares, preferred shares, debt securities, subscription receipts, units and warrants from time to time over a 25-month period after Canadian securities regulatory authorities have issued a receipt for the final short form base shelf prospectus. This shelf prospectus is intended to give Neovasc the flexibility to take advantage of financing opportunities when market conditions are favourable. The terms of such future offerings, if any, will be established at the time of such offerings. At the time any of the securities covered by the shelf prospectus are offered for sale, a prospectus supplement containing specific information about the terms of any such offering will be filed with applicable Canadian securities regulatory authorities and the SEC.

The shelf registration statement filed May 12, 2016 with the SEC has not yet become effective. No securities may be sold, nor may offers to buy be accepted, prior to the time the...


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