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Merus Labs closes $60-million bought-deal financing


April 30, 2015

An anonymous director reports

MERUS LABS INTERNATIONAL INC. ANNOUNCES CLOSING OF C$60.0 MILLION BOUGHT DEAL FINANCING

Merus Labs International Inc. has closed its previously announced bought-deal financing with a syndicate of investment dealers. Under the financing, Merus issued a total of 19,672,200 common shares at a price of $3.05 per share for gross proceeds of $60,000,210. The company has granted to the underwriters, on closing, an overallotment option to purchase an additional 2,950,830 shares at $3.05 per Share, exercisable in whole or in part, for the period ending May 30, 2015. In the event the overallotment option is exercised in full, the total gross proceeds of the offering will be $69,000,242.

The net proceeds of the offering will be used for working capital and for general corporate purposes, including the financing of prospective future acquisitions.

We seek Safe Harbor.