UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 23,
2007
INTELGENX
TECHNOLOGIES CORP.
(Exact Name of Registrant as
Specified in Charter)
Delaware
| Delaware | 000-31187 | 87-0638336 |
| (State or other jurisdiction | (Commission File No.) | (IRS Employer ID) |
| of incorporation) | ||
| 6425 Abrams, Ville Saint Laurent, Quebec, H4S 1X9 Canada |
| (Address of principal executive offices and Zip Code) |
| (514) 331-7440 |
| (Registrant's telephone number, including area code) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
£ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
£ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Officer; Appointment of Officer
Departure of Chief Financial Officer On May 23, 2007, Joel Cohen resigned as the Chief Financial
Officer of Intelgenx Technologies Corp. ("Intelgenx" or the "Company"). Mr.
Cohen shall remain as a director of the Company. There were no disagreements or
misunderstandings between Mr. Cohen and the Company regarding any matter
relating to the Company's operations, policies or practices. Appointment of New Chief Financial Officer On May 23, 2007, Taylor Hutchison was appointed as the Chief
Financial Officer of the Company. Taylor Hutchison is a Chartered Accountant, Certified Public
Accountant, and holds an M.B.A. from Concordia University in Montreal. From 2005
to April 2007, he was consultant for two public companies where he oversaw the
consolidation, financial statement preparation, and coordinated the annual and
quarterly reporting. From 2002 to 2004, he was the Chief Financial Officer of
Organix Corporation, a holding company with interests in real estate, food
processing and agriculture. Since 2002 he has been lecturing, part time, at
Concordia University. Transactions with Related Persons As previously reported, on May 22, 2007, the Company
completed the sale of 8% Secured Convertible Debentures (the "Debentures") in an
aggregate principal amount of approximately $1.5 million and warrants to
purchase 2,142,857 shares of the Company's common stock (the "Warrants") to
certain institutional and accredited investors pursuant to a Securities Purchase
Agreement (the "Purchase Agreement"). Pursuant to the Purchase Agreement, Mr.
Hutchison purchased Debentures in a principal amount of $25,000 and warrants to
purchase 35,714 shares of the Company's common stock for a purchase price of
$25,000. Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| INTELGENX TECHNOLOGIES CORP. | |
|
By: /s/ |
Horst Zerbe |
|
Horst Zerbe |
|
| Date: May 30, 2007 |
President and Chief |
|
Executive Officer |