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2021</span></h1></div></div><div class="breadcrumb-wrapper"><div class="container"><div class="breadcrumb-wrapper-inner"><span><a title="Go to Lexaria Bioscience." href="https://lexariabioscience.com" class="home"><i class="fa fa-home"></i><span class="hide">Lexaria Bioscience</span></a></span> <span class="ts-bread-sep">   →  </span><span><a title="Go to Blog Large Image." href="https://lexariabioscience.com/blog-large-image/" class="post-root post post-post"><span>Blog Large Image</span></a></span><span class="ts-bread-sep">   →  </span><span><a title="Go to the 2021 archives." href="https://lexariabioscience.com/2021/" class="archive date-year"><span>2021</span></a></span><span class="ts-bread-sep">   →  </span><span><span class="archive date-month current-item">January</span></span></div></div></div> </div> </div> </div> </div> </div> </div> </div> </header> <div id="content-wrapper" class="site-content-wrapper"> <div id="content" class="site-content container"> <div id="content-inner" class="site-content-inner row multi-columns-row"> <div id="primary" class="content-area col-md-9 col-lg-9 col-xs-12"> <main id="main" class="site-main"> <article id="post-8957" class="ts-no-featured-content themestek-box-blog-classic post-8957 post type-post status-publish format-standard hentry category-press-releases" > <div class="ts-blog-classic-featured-wrapper"> <div class="ts-blog-classic-datebox-overlay"> <div class="ts-blog-classic-dbox-date">15</div> <div class="ts-blog-classic-dbox-month">Jan</div> </div> </div> <div class="ts-blog-classic-box-content ">  <div class="ts-featured-meta-wrapper ts-featured-overlay"> <div class="ts-blog-post-date"> <span class="ts-meta-line"><span class="screen-reader-text ts-hide">Date </span> <i class="ts-labtechco-icon-clock"></i> <a href="https://lexariabioscience.com/2021/01/15/lexaria-appoints-new-board-member/">January 15, 2021</a></span> </div> <div class="ts-blog-post-cat ts-blog-post-cat-above-title"> <span class="ts-meta-line cat-links"><span class="screen-reader-text ts-hide">Categories </span> <i class="ts-labtechco-icon-category"></i> <a href="https://lexariabioscience.com/category/press-releases/">Press Releases</a></span> </div> <div class="themestek-box-title"><h4><a href="https://lexariabioscience.com/2021/01/15/lexaria-appoints-new-board-member/">Lexaria Appoints New Board Member</a></h4></div> </div>  <div class="entry-content"> <div class="themestek-box-desc-text"><div class="b2iNewsItemBodyDiv"><p><b>KELOWNA, BC / January 15, 2021</b> / Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW)(CSE:LXX) (the "Company" or "Lexaria"), a global innovator in drug delivery platforms, is pleased to announce the appointment of Mr. Al Reese, Jr., to its Board of Directors.</p><br /> <br /> <p>Mr. Reese has over 40 years experience in public and private businesses including as CFO of a formerly Nasdaq-listed energy company where he arranged finance transactions totaling over $10 billion dollars during his 20-year tenure. Mr. Reese was a Director and Chairman of the Audit Committee of a community bank in Texas for ten years until such time as it was acquired by a larger banking group in 2018.</p><br /> <br /> <p>Mr. Reese is a Certified Public Accountant (1974), and received his Bachelor of Business Administration degree from Texas A&M University in 1971, and his MBA from University of Houston in 1977. He has extensive experience at a senior level in financial services, finance transactions, investor relations, and more.</p><br /> <br /> <p>"It is a real privilege to join the team at Lexaria" comments Mr. Reese. "I've been familiar with Lexaria since inception and have seen this team's determination to develop and commercialize the DehydraTECH<sup>TM</sup> technology. With the recent capital raise, Lexaria now has sufficient capital to conduct the studies and programs to continue to find new and expanded applications of DehydraTECH and other Lexaria opportunities. With the new capital and the right amount of capital discipline, Lexaria should have an excellent future. It is an honor to be part of it."</p><br /> <br /> <p>"We are delighted to welcome Al Reese to our Board of Directors where he will add considerable financial industry and public company expertise," said Chris Bunka, CEO and Chairman of the Board. "Al is also experienced in negotiating technology license agreements with companies in the US and internationally, and the Board of Directors looks forward to his guidance as Lexaria continues to evolve and pursue its strategic outlicensing business model."</p><br /> <br /> <p>Separately, Lexaria also announces pursuant to its press release issued June 18, 2020, that it has been informed by the NIH that members of its Scientific Review Group for their National Institute of Allergy and Infectious Diseases (NIAID) Funding Opportunity Announcement (FOA) RFA-AI-20-028 - Partnerships for Countermeasures against Select Pathogens have met to consider the applications they received at which time Lexaria's application was not discussed or scored. As such, it is not likely that Lexaria's application will be funded relative to other applications they prioritized, although no definitive decision has yet been provided to Lexaria.</p><br /> <br /> <p>Many research grant applications do not receive funding because applications almost always greatly exceed available budgets, thus grants of this type generally enjoy roughly a 20% success rate*. As this grant application was an external add-on to Lexaria's primary 2021 research objectives, it will have no effect on the Company's core planned R&D objectives which are all fully funded.</p><br /> <br /> <ul><br /> <li><a href="https://pr.report/vdbZJ4Fe">https://nexus.od.nih.gov/all/2020/05/05/extramural-investments-in-research-fy-2019-by-the-numbers/#:~:text=The%20application%20success%20rate%20was,6.92%25%20increase)%2C%20respectively</a>.</li><br /> </ul><br /> <br /> <p><b>About Lexaria Bioscience Corp.</b><br><br /> Lexaria Bioscience Corp.'s proprietary drug delivery technology, DehydraTECH™, improves the way active pharmaceutical ingredients (APIs) enter the bloodstream by promoting healthier oral ingestion methods and increasing the effectiveness of fat-soluble active molecules, thereby lowering overall dosing. The Company's technology can be applied to many different ingestible product formats, including foods, beverages, oral suspensions, tablets, and capsules. DehydraTECH has repeatedly demonstrated since 2016 with cannabinoids and nicotine the ability to increase bio-absorption by up to 5-10x, reduce time of onset from 1 - 2 hours to minutes, and mask unwanted tastes; and is planned to be further evaluated for orally administered bioactive molecules, including anti-virals, cannabinoids, vitamins, non-steroidal anti-inflammatory drugs (NSAIDs), and nicotine. Lexaria has licensed DehydraTECH to multiple companies including a world-leading tobacco producer for the development of smokeless, oral-based nicotine products and for use in industries that produce cannabinoid beverages, edibles, and oral products. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 18 patents granted and approximately 60 patents pending worldwide. For more information, please visit <a href="https://pr.report/C5AMfhuR">www.lexariabioscience.com</a>.</p><br /> <br /> <p><b>CAUTION REGARDING FORWARD-LOOKING STATEMENTS</b><br><br /> This press release includes forward-looking statements. Statements as such term is defined under applicable securities laws. These statements may be identified by words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions. Such forward-looking statements in this press release include, but are not limited to, statements by the company relating the Company's ability to carry out research initiatives, receive regulatory approvals or grants or experience positive effects or results from any research or study. Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that the Company will actually achieve the plans, intentions, or expectations disclosed in these forward-looking statements. As such, you should not place undue reliance on these forward-looking statements. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation and regulatory approvals, managing and maintaining growth, the effect of adverse publicity, litigation, competition, scientific discovery, the patent application and approval process, potential adverse effects arising from the testing or use of products utilizing the DehydraTECH technology, the Company's ability to maintain existing collaborations and realize the benefits thereof, and other factors which may be identified from time to time in the Company's public announcements and periodic filings with the US Securities and Exchange Commission on EDGAR. There is no assurance that any of Lexaria's postulated uses, benefits, or advantages for the patented and patent-pending technology will in fact be realized in any manner or in any part. No statement herein has been evaluated by the Food and Drug Administration (FDA). Lexaria-associated products are not intended to diagnose, treat, cure or prevent any disease. Any forward-looking statements contained in this release speak only as of the date hereof, and the Company expressly disclaims any obligation to update any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise, except as otherwise required by law.</p><br /> <br /> <p><i>The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.</i></p><br /> <br /> <p><b>INVESTOR CONTACT:</b><br><br /> <a href="/cdn-cgi/l/email-protection#18716a58747d60796a71797a71776b7b717d767b7d367b7775"><span class="__cf_email__" data-cfemail="3b52497b575e435a49525a5952544858525e55585e15585456">[email protected]</span></a><br><br /> Phone: 866-221-3341</p><br /> <br /> <p><strong>SOURCE: </strong>Lexaria Bioscience Corp.</p><br /> <br><br>View source version on accesswire.com: <br><a href='https://www.accesswire.com/624558/Lexaria-Appoints-New-Board-Member'>https://www.accesswire.com/624558/Lexaria-Appoints-New-Board-Member</a><br><br><img src='https://www.accesswire.com/img.ashx?id=624558' /></div></div> <div class="themestek-blog-classic-footer-readmore"> <div class="themestek-blogbox-footer-left"><a href="https://lexariabioscience.com/2021/01/15/lexaria-appoints-new-board-member/">Read More</a></div> </div> <div class="ts-footer-meta-wrapper"> <span class="ts-footer-meta-line-w ts-footer-meta-line-comments"> <a href="https://lexariabioscience.com/2021/01/15/lexaria-appoints-new-board-member/"> <i class="ts-labtechco-icon-comment-1"></i> <span class="comments"> 0 Comments </span> </a> </span> <span class="ts-footer-meta-line-w ts-footer-meta-line-author"> <span class="author vcard"> <span class="screen-reader-text ts-hide">Author </span> <a class="url fn n" href="https://lexariabioscience.com/author/mmcdonald/"><i class="ts-labtechco-icon-user"></i> mmcdonald</a> </span> </span> </div> </div> </div> </article> <article id="post-8958" class="ts-no-featured-content themestek-box-blog-classic post-8958 post type-post status-publish format-standard hentry category-press-releases" > <div class="ts-blog-classic-featured-wrapper"> <div class="ts-blog-classic-datebox-overlay"> <div class="ts-blog-classic-dbox-date">15</div> <div class="ts-blog-classic-dbox-month">Jan</div> </div> </div> <div class="ts-blog-classic-box-content ">  <div class="ts-featured-meta-wrapper ts-featured-overlay"> <div class="ts-blog-post-date"> <span class="ts-meta-line"><span class="screen-reader-text ts-hide">Date </span> <i class="ts-labtechco-icon-clock"></i> <a href="https://lexariabioscience.com/2021/01/15/lexaria-bioscience-corp-announces-closing-of-11-million-public-offering-with-full-exercise-of-underwriter-option-to-purchase-additional-shares-and-warrants/">January 15, 2021</a></span> </div> <div class="ts-blog-post-cat ts-blog-post-cat-above-title"> <span class="ts-meta-line cat-links"><span class="screen-reader-text ts-hide">Categories </span> <i class="ts-labtechco-icon-category"></i> <a href="https://lexariabioscience.com/category/press-releases/">Press Releases</a></span> </div> <div class="themestek-box-title"><h4><a href="https://lexariabioscience.com/2021/01/15/lexaria-bioscience-corp-announces-closing-of-11-million-public-offering-with-full-exercise-of-underwriter-option-to-purchase-additional-shares-and-warrants/">Lexaria Bioscience Corp. Announces Closing of $11 Million Public Offering with Full Exercise of Underwriter Option to Purchase Additional Shares and Warrants</a></h4></div> </div>  <div class="entry-content"> <div class="themestek-box-desc-text"><div class="b2iNewsItemBodyDiv"><p><strong>KELOWNA, BC / January 15, 2021 /</strong> Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW)(CSE:LXX) (the "Company") today announced the closing of its previously announced underwritten public offering (the "Offering") of 1,828,571 units, each unit consisting of one share of common stock and one warrant to purchase one share of common stock at a public offering price of $5.25 per unit (all prices in US$). The warrants have an exercise price of $6.58 per share, are immediately exercisable and will expire five years following the date of issuance. In connection with the Offering, the underwriter exercised in full its option to purchase an additional 274,285 shares of common stock and additional warrants to purchase 274,285 shares of common stock. The gross proceeds from the Offering were approximately $11.04 million, before deducting underwriting discounts and estimated offering expenses. No securities were offered or sold in Canada, including through the CSE or any other trading market in Canada.</p><br /> <br /> <p>H.C. Wainwright & Co. ("Wainwright") acted as the sole book-running manager for the Offering and is a non-related party to the Company.</p><br /> <br /> <p>In connection with the Offering, the Company's common stock and warrants began trading on the Nasdaq Capital Market on January 12, 2021 under the symbols "LEXX" and "LEXXW," respectively.</p><br /> <br /> <p>All share numbers and pricing information in this press release reflect the Company's previously announced 1-for-30 reverse stock split of its common stock, which was effective at 4:30 p.m., Eastern time, on January 11, 2021.</p><br /> <br /> <p>The Company agreed to pay Wainwright an underwriting discount equal to 8% of the gross proceeds of the Offering and a management fee equal to 1% of the gross proceeds of the Offering, and to reimburse Wainwright for a non-accountable expense allowance of $50,000, up to $100,000 in legal fees and up to $12,900 for clearing expenses. Additionally, as partial compensation for Wainwright's services as underwriter in the Offering, the Company also issued to Wainwright five-year warrants ("Representative Warrants") to purchase 166,781 shares of common stock with an exercise price of $6.58 per share.</p><br /> <br /> <p>The securities described above were offered by the Company pursuant to a registration statement on Form S-1 (File No. 333-250326) that was previously filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective on January 11, 2021, and an additional registration statement on Form S-1 filed pursuant to Rule 462(b) (File No. 333-252031), which became automatically effective on January 11, 2021. This Offering was made only by means of a prospectus. A final prospectus relating to the Offering has been filed with the SEC. Electronic copies of the final prospectus relating to the Offering may be obtained for free by visiting the SEC's website at www.sec.gov or by contacting H.C. Wainwright & Co., LLC, 430 Park Avenue, 3rd Floor, New York, New York 10022, by email at <a href="/cdn-cgi/l/email-protection" class="__cf_email__" data-cfemail="50203c3133353d353e242310383327333f7e333f3d">[email protected]</a> or by telephone at (646) 975-6996.</p><br /> <br /> <p>Pursuant to certain tail rights held by Bradley Woods & Co. Ltd., further to the Company's May 2020 private placement financing, the Company is paying Bradley Woods $316,999.62 and issuing to Bradley Woods or its designees five-year warrants to purchase 60,385 shares of common stock at an exercise price of $6.58 per share.</p><br /> <br /> <p>This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.</p><br /> <br /> <p><b>About Lexaria Bioscience Corp.</b></p><br /> <br /> <p>The Company's proprietary drug delivery technology, DehydraTECH™, improves the way active pharmaceutical ingredients (APIs) enter the bloodstream by promoting healthier oral ingestion methods and increasing the effectiveness of fat-soluble active molecules, thereby lowering overall dosing. The Company's technology can be applied to many different ingestible product formats, including foods, beverages, oral suspensions, tablets, and capsules. DehydraTECH has repeatedly demonstrated since 2016 with cannabinoids and nicotine the ability to increase bio-absorption by up to 5-10x, reduce time of onset from 1 - 2 hours to minutes, and mask unwanted tastes; and is planned to be further evaluated for orally administered bioactive molecules, including anti-virals, cannabinoids, vitamins, non-steroidal anti-inflammatory drugs (NSAIDs), and nicotine. Lexaria has licensed DehydraTECH to multiple companies, including a world-leading tobacco producer for the development of smokeless, oral-based nicotine products and for use in industries that produce cannabinoid beverages, edibles, and oral products. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 18 patents granted and approximately 60 patents pending worldwide. For more information, please visit <a href="https://pr.report/9aPNsBI-">www.lexariabioscience.com</a>.</p><br /> <br /> <p><b>Cautionary Statement Regarding Forward-Looking Statements</b></p><br /> <br /> <p>Statements in this press release contain "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict, including statements regarding the intended use of net proceeds from the public offering; consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.</p><br /> <br /> <p><i>The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.</i></p><br /> <br /> <p><b>INVESTOR CONTACT: </b></p><br /> <br /> <p><u><a href="/cdn-cgi/l/email-protection#513823113d34293023383033383e223238343f32347f323e3c"><span class="__cf_email__" data-cfemail="7d140f3d1118051c0f141c1f14120e1e1418131e18531e1210">[email protected]</span></a></u><br><br /> Phone: 866-221-3341</p><br /> <br /> <p><strong>SOURCE: </strong>Lexaria Bioscience Corp.</p><br /> <br><br>View source version on accesswire.com: <br><a href='https://www.accesswire.com/624414/Lexaria-Bioscience-Corp-Announces-Closing-of-11-Million-Public-Offering-with-Full-Exercise-of-Underwriter-Option-to-Purchase-Additional-Shares-and-Warrants'>https://www.accesswire.com/624414/Lexaria-Bioscience-Corp-Announces-Closing-of-11-Million-Public-Offering-with-Full-Exercise-of-Underwriter-Option-to-Purchase-Additional-Shares-and-Warrants</a><br><br><img src='https://www.accesswire.com/img.ashx?id=624414' /></div></div> <div class="themestek-blog-classic-footer-readmore"> <div class="themestek-blogbox-footer-left"><a href="https://lexariabioscience.com/2021/01/15/lexaria-bioscience-corp-announces-closing-of-11-million-public-offering-with-full-exercise-of-underwriter-option-to-purchase-additional-shares-and-warrants/">Read More</a></div> </div> <div class="ts-footer-meta-wrapper"> <span class="ts-footer-meta-line-w ts-footer-meta-line-comments"> <a href="https://lexariabioscience.com/2021/01/15/lexaria-bioscience-corp-announces-closing-of-11-million-public-offering-with-full-exercise-of-underwriter-option-to-purchase-additional-shares-and-warrants/"> <i class="ts-labtechco-icon-comment-1"></i> <span class="comments"> 0 Comments </span> </a> </span> <span class="ts-footer-meta-line-w ts-footer-meta-line-author"> <span class="author vcard"> <span class="screen-reader-text ts-hide">Author </span> <a class="url fn n" href="https://lexariabioscience.com/author/mmcdonald/"><i class="ts-labtechco-icon-user"></i> mmcdonald</a> </span> </span> </div> </div> </div> </article> <article id="post-9079" class="ts-no-featured-content themestek-box-blog-classic post-9079 post type-post status-publish format-standard hentry category-press-releases" > <div class="ts-blog-classic-featured-wrapper"> <div class="ts-blog-classic-datebox-overlay"> <div class="ts-blog-classic-dbox-date">12</div> <div class="ts-blog-classic-dbox-month">Jan</div> </div> </div> <div class="ts-blog-classic-box-content ">  <div class="ts-featured-meta-wrapper ts-featured-overlay"> <div class="ts-blog-post-date"> <span class="ts-meta-line"><span class="screen-reader-text ts-hide">Date </span> <i class="ts-labtechco-icon-clock"></i> <a href="https://lexariabioscience.com/2021/01/12/lexaria-bioscience-corp-announces-uplisting-to-nasdaq-capital-market-and-pricing-of-9-6-million-upsized-public-offering/">January 12, 2021</a></span> </div> <div class="ts-blog-post-cat ts-blog-post-cat-above-title"> <span class="ts-meta-line cat-links"><span class="screen-reader-text ts-hide">Categories </span> <i class="ts-labtechco-icon-category"></i> <a href="https://lexariabioscience.com/category/press-releases/">Press Releases</a></span> </div> <div class="themestek-box-title"><h4><a href="https://lexariabioscience.com/2021/01/12/lexaria-bioscience-corp-announces-uplisting-to-nasdaq-capital-market-and-pricing-of-9-6-million-upsized-public-offering/">Lexaria Bioscience Corp. Announces Uplisting to Nasdaq Capital Market and Pricing of $9.6 Million Upsized Public Offering</a></h4></div> </div>  <div class="entry-content"> <div class="themestek-box-desc-text"><div class="b2iNewsItemBodyDiv"><p><strong>KELOWNA, BC / January 12, 2021 / </strong>Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW)(CSE:LXX) (the "Company") today announced that its common stock and warrants will begin trading on the Nasdaq Capital Market on January 12, 2021, under the symbols "LEXX" and "LEXXW," respectively.</p><br /> <br /> <p>Lexaria also announced the pricing of an underwritten public offering (the "Offering") of 1,828,571 units, each unit consisting of one share of common stock and one warrant to purchase one share of common stock at a public offering price of $5.25 per unit (all prices in US$). The shares of common stock and warrants comprising the units are immediately separable and will be issued separately, but will be purchased together. The warrants have an exercise price of $6.58 per share, are immediately exercisable and will expire five years following the date of issuance. The Company has granted the underwriter a 30-day option to purchase up to an additional 274,285 shares of common stock and/or warrants to purchase up to 274,285 shares of common stock.</p><br /> <br /> <p>H.C. Wainwright & Co. is acting as the sole book-running manager for the Offering.</p><br /> <br /> <p>The gross proceeds of the Offering are expected to be approximately $9.6 million, prior to deducting underwriting discounts and commissions and estimated offering expenses and excluding the exercise of any warrants and the underwriter's option to purchase additional securities. In the event that the underwriter exercises its option to purchase additional securities in full, the Company expects to receive approximately $1.44 million in additional gross proceeds. However, there can be no assurance that the underwriter will exercise its option to purchase additional securities. This Offering is expected to close on or about January 14, 2021, subject to customary closing conditions.</p><br /> <br /> <p>All share numbers and pricing information in this press release reflect the Company's previously announced 1-for-30 reverse stock split of its common stock, which was effective at 4:30 p.m., Eastern time, on January 11, 2021.</p><br /> <br /> <p>The Company intends to use the net proceeds from this Offering for research and development studies, the patent and legal costs associated thereto, and general working capital purposes.</p><br /> <br /> <p>The securities described above are being offered by the Company pursuant to a registration statement on Form S-1 (File No. 333-250326) that was previously filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective by on January 11, 2021, and an additional registration statement on Form S-1 filed pursuant to Rule 462(b) (File No. 333-252031), which became automatically effective on January 11, 2021. This Offering is being made only by means of a prospectus. A preliminary prospectus relating to and describing the terms of the Offering has been filed with the SEC. Electronic copies of the preliminary prospectus and, when available, copies of the final prospectus relating to the Offering may be obtained for free by visiting the SEC's website at www.sec.gov or by contacting H.C. Wainwright & Co., LLC, 430 Park Avenue, 3rd Floor, New York, New York 10022, by email at <a href="/cdn-cgi/l/email-protection" class="__cf_email__" data-cfemail="3d4d515c5e58505853494e7d555e4a5e52135e5250">[email protected]</a> or by telephone at (646) 975-6996.</p><br /> <br /> <p>This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.</p><br /> <br /> <p><b>About Lexaria Bioscience Corp.</b></p><br /> <br /> <p>The Company's proprietary drug delivery technology, DehydraTECH™, improves the way active pharmaceutical ingredients (APIs) enter the bloodstream by promoting healthier oral ingestion methods and increasing the effectiveness of fat-soluble active molecules, thereby lowering overall dosing. The Company's technology can be applied to many different ingestible product formats, including foods, beverages, oral suspensions, tablets, and capsules. DehydraTECH has repeatedly demonstrated since 2016 with cannabinoids and nicotine the ability to increase bio-absorption by up to 5-10x, reduce time of onset from 1 - 2 hours to minutes, and mask unwanted tastes; and is planned to be further evaluated for orally administered bioactive molecules, including anti-virals, cannabinoids, vitamins, non-steroidal anti-inflammatory drugs (NSAIDs), and nicotine. Lexaria has licensed DehydraTECH to multiple companies, including a world-leading tobacco producer for the development of smokeless, oral-based nicotine products and for use in industries that produce cannabinoid beverages, edibles, and oral products. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 18 patents granted and approximately 60 patents pending worldwide. For more information, please visit <a href="https://pr.report/9aPNsBI-">www.lexariabioscience.com</a>.</p><br /> <br /> <p><b>Cautionary Statement Regarding Forward-Looking Statements</b></p><br /> <br /> <p>Statements in this press release contain "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict, including statements regarding the completion of the public offering, the possibility that the common stock and warrants may not begin trading on the Nasdaq Capital Market, the satisfaction of customary closing conditions related to the public offering, and the intended use of net proceeds from the public offering; consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.</p><br /> <br /> <p><i>The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.</i></p><br /> <br /> <p><b>INVESTOR CONTACT:</b><br><br /> <u><a href="/cdn-cgi/l/email-protection#751c073519100d14071c14171c1a06161c101b16105b161a18"><span class="__cf_email__" data-cfemail="a7ced5e7cbc2dfc6d5cec6c5cec8d4c4cec2c9c4c289c4c8ca">[email protected]</span></a></u><br><br /> Phone: 866-221-3341</p><br /> <br /> <p><strong>SOURCE: </strong>Lexaria Bioscience Corp.</p><br /> <br><br>View source version on accesswire.com: <br><a href='https://www.accesswire.com/623929/Lexaria-Bioscience-Corp-Announces-Uplisting-to-Nasdaq-Capital-Market-and-Pricing-of-96-Million-Upsized-Public-Offering'>https://www.accesswire.com/623929/Lexaria-Bioscience-Corp-Announces-Uplisting-to-Nasdaq-Capital-Market-and-Pricing-of-96-Million-Upsized-Public-Offering</a><br><br><img src='https://www.accesswire.com/img.ashx?id=623929' /></div></div> <div class="themestek-blog-classic-footer-readmore"> <div class="themestek-blogbox-footer-left"><a href="https://lexariabioscience.com/2021/01/12/lexaria-bioscience-corp-announces-uplisting-to-nasdaq-capital-market-and-pricing-of-9-6-million-upsized-public-offering/">Read More</a></div> </div> <div class="ts-footer-meta-wrapper"> <span class="ts-footer-meta-line-w ts-footer-meta-line-comments"> <a href="https://lexariabioscience.com/2021/01/12/lexaria-bioscience-corp-announces-uplisting-to-nasdaq-capital-market-and-pricing-of-9-6-million-upsized-public-offering/"> <i class="ts-labtechco-icon-comment-1"></i> <span class="comments"> 0 Comments </span> </a> </span> <span class="ts-footer-meta-line-w ts-footer-meta-line-author"> <span class="author vcard"> <span class="screen-reader-text ts-hide">Author </span> <a class="url fn n" href="https://lexariabioscience.com/author/mmcdonald/"><i class="ts-labtechco-icon-user"></i> mmcdonald</a> </span> </span> </div> </div> </div> </article> <article id="post-9080" class="ts-no-featured-content themestek-box-blog-classic post-9080 post type-post status-publish format-standard hentry category-press-releases" > <div class="ts-blog-classic-featured-wrapper"> <div class="ts-blog-classic-datebox-overlay"> <div class="ts-blog-classic-dbox-date">08</div> <div class="ts-blog-classic-dbox-month">Jan</div> </div> </div> <div class="ts-blog-classic-box-content ">  <div class="ts-featured-meta-wrapper ts-featured-overlay"> <div class="ts-blog-post-date"> <span class="ts-meta-line"><span class="screen-reader-text ts-hide">Date </span> <i class="ts-labtechco-icon-clock"></i> <a href="https://lexariabioscience.com/2021/01/08/lexaria-announces-effective-date-for-reverse-stock-split/">January 8, 2021</a></span> </div> <div class="ts-blog-post-cat ts-blog-post-cat-above-title"> <span class="ts-meta-line cat-links"><span class="screen-reader-text ts-hide">Categories </span> <i class="ts-labtechco-icon-category"></i> <a href="https://lexariabioscience.com/category/press-releases/">Press Releases</a></span> </div> <div class="themestek-box-title"><h4><a href="https://lexariabioscience.com/2021/01/08/lexaria-announces-effective-date-for-reverse-stock-split/">Lexaria Announces Effective Date for Reverse Stock Split</a></h4></div> </div>  <div class="entry-content"> <div class="themestek-box-desc-text"><div class="b2iNewsItemBodyDiv"><p><b>KELOWNA, BC / January 8, 2021</b> / Lexaria Bioscience Corp. (OTCQX:LXRP)(CSE:LXX) (the "Company" or "Lexaria"), a global innovator in drug delivery platforms, today announced that it intends to effect a reverse stock split of its common stock effective as of 4:30 pm EST on January 11, 2021 (the "<b>Reverse Split</b>").</p><br /> <br /> <p>The Reverse Split will be conducted on a 1-for-30 basis resulting in the Company's current issued share capital of 90,044,312 shares of common stock being consolidated into 3,001,377 shares of common stock, subject to adjustment for fractional shares which will be rounded to the nearest whole number. In addition, all of the Company's issued convertible securities will also be subject to the Reverse Split, with the exercise prices of the Company's outstanding convertible securities being adjusted accordingly.</p><br /> <br /> <p>Following the Reverse Split, the Company's shares of common stock are intended but are not guaranteed to be listed on the NASDAQ Capital Market ("<b>Nasdaq</b>") on January 12, 2021 under the stock symbol LEXX and under the new CUSIP number 52886N406. There is no assurance that the common stock will be listed on Nasdaq on January 12, 2021 or at all, as the listing is subject to the satisfaction of Nasdaq's listing requirements, including a capital raise.</p><br /> <br /> <p>Following the Reverse Split, the Company's shares of common stock will continue to be traded on the CSE under the existing stock symbol, LXX.</p><br /> <br /> <p>If the listing of the Company's common stock on Nasdaq is approved, the common stock will no longer trade on the OTCQX as of January 12, 2021.</p><br /> <br /> <p>Shareholders of the Company who hold shares of common stock represented by a physical share certificate will need to deposit the completed letter of transmittal as attached to this news release and their share certificate with Computershare Trust Company of Canada pursuant to the instructions contained in the letter of transmittal.</p><br /> <br /> <p><b>About Lexaria</b><br><br /> Lexaria Bioscience Corp.'s (OTCQX:LXRP)(CSE:LXX) proprietary drug delivery technology, DehydraTECH™, improves the way active pharmaceutical ingredients (APIs) enter the bloodstream by promoting healthier oral ingestion methods and increasing the effectiveness of fat-soluble active molecules, thereby lowering overall dosing. The Company's technology can be applied to many different ingestible product formats, including foods, beverages, oral suspensions, tablets, and capsules. DehydraTECH has repeatedly demonstrated since 2016 with cannabinoids and nicotine the ability to increase bio-absorption by up to 5-10x, reduce time of onset from 1 - 2 hours to minutes, and mask unwanted tastes; and is planned to be further evaluated for orally administered bioactive molecules, including anti-virals, cannabinoids, vitamins, non-steroidal anti-inflammatory drugs (NSAIDs), and nicotine. Lexaria has licensed DehydraTECH to multiple companies including a world-leading tobacco producer for the development of smokeless, oral-based nicotine products and for use in industries that produce cannabinoid beverages, edibles, and oral products. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 18 patents granted and approximately 60 patents pending worldwide. For more information, please visit <a href="https://pr.report/WwgiLDV0">www.lexariabioscience.com</a>.</p><br /> <br /> <p><b>FORWARD-LOOKING STATEMENTS</b><br><br /> This press release includes forward-looking statements. Statements as such term is defined under applicable securities laws. These statements may be identified by words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions. Such forward-looking statements in this press release include, but are not limited to, statements by the company relating the Company's ability to effect the reverse split and list its shares on Nasdaq. Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that the Company will actually achieve the plans, intentions, or expectations disclosed in these forward-looking statements. As such, you should not place undue reliance on these forward-looking statements.</p><br /> <br /> <p>Any forward-looking statements contained in this release speak only as of the date hereof, and the Company expressly disclaims any obligation to update any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise, except as otherwise required by law.</p><br /> <br /> <p><i>The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.</i></p><br /> <br /> <p><b>INVESTOR CONTACT: </b><br><br /> Lexaria Bioscience Corp.<br><br /> <a href="/cdn-cgi/l/email-protection#650c172509001d04170c04070c0a16060c000b06004b060a08"><span class="__cf_email__" data-cfemail="08617a48646d70697a61696a61677b6b616d666b6d266b6765">[email protected]</span></a><br><br /> Phone: 866-221-3341</p><br /> <br /> <hr><br /> <p><br><br /> <strong>LEXARIA BIOSCIENCE CORP.<br><br /> LETTER OF TRANSMITTAL<br><br /> TO: COMPUTERSHARE TRUST COMPANY OF CANADA</strong></p><br /> <br /> <p>The undersigned hereby represents and warrants that the undersigned is the owner of the number of common shares ("common shares") of Lexaria Bioscience Corp. (the "Company") which shares are represented by the share certificate(s) described below and delivered herewith and the undersigned has good title to the shares represented by the said certificate(s), free and clear of all liens, charges and encumbrances, and has full power and authority to herewith deposit such shares.</p><br /> <br /> <table align="center" style="border-collapse:collapse;border:solid black 1.0pt"><br /> <tbody><br /> <tr><br /> <td style="border:solid black 1.0pt;width:135.75pt;padding:0in 5.25pt 0in 5.25pt" valign="top" width="181"><br /> <p align="center" style="text-align:center;margin-bottom:11px">Certificate Number</p><br /> </td><br /> <td style="border:solid black 1.0pt;width:2.0in;border-left:none;padding:0in 5.25pt 0in 5.25pt" valign="top" width="192"><br /> <p align="center" style="text-align:center;margin-bottom:11px">Number of Shares</p><br /> </td><br /> <td style="border:solid black 1.0pt;width:229.5pt;border-left:none;padding:0in 5.25pt 0in 5.25pt" valign="top" width="306"><br /> <p align="center" style="text-align:center;margin-bottom:11px">Registered in the Name of</p><br /> </td><br /> </tr><br /> <tr style="height:16.35pt"><br /> <td style="border:solid black 1.0pt;width:135.75pt;border-top:none;padding:0in 5.25pt 0in 5.25pt;height:16.35pt" valign="top" width="181"> </td><br /> <td style="border-bottom:solid black 1.0pt;width:2.0in;border-top:none;border-left:none;border-right:solid black 1.0pt;padding:0in 5.25pt 0in 5.25pt;height:16.35pt" valign="top" width="192"> </td><br /> <td style="border-bottom:solid black 1.0pt;width:229.5pt;border-top:none;border-left:none;border-right:solid black 1.0pt;padding:0in 5.25pt 0in 5.25pt;height:16.35pt" valign="top" width="306"> </td><br /> </tr><br /> <tr style="height:15.9pt"><br /> <td style="border:solid black 1.0pt;width:135.75pt;border-top:none;padding:0in 5.25pt 0in 5.25pt;height:15.9pt" valign="top" width="181"> </td><br /> <td style="border-bottom:solid black 1.0pt;width:2.0in;border-top:none;border-left:none;border-right:solid black 1.0pt;padding:0in 5.25pt 0in 5.25pt;height:15.9pt" valign="top" width="192"> </td><br /> <td style="border-bottom:solid black 1.0pt;width:229.5pt;border-top:none;border-left:none;border-right:solid black 1.0pt;padding:0in 5.25pt 0in 5.25pt;height:15.9pt" valign="top" width="306"> </td><br /> </tr><br /> <tr style="height:14.1pt"><br /> <td style="border:solid black 1.0pt;width:135.75pt;border-top:none;padding:0in 5.25pt 0in 5.25pt;height:14.1pt" valign="top" width="181"> </td><br /> <td style="border-bottom:solid black 1.0pt;width:2.0in;border-top:none;border-left:none;border-right:solid black 1.0pt;padding:0in 5.25pt 0in 5.25pt;height:14.1pt" valign="top" width="192"> </td><br /> <td style="border-bottom:solid black 1.0pt;width:229.5pt;border-top:none;border-left:none;border-right:solid black 1.0pt;padding:0in 5.25pt 0in 5.25pt;height:14.1pt" valign="top" width="306"> </td><br /> </tr><br /> <tr style="height:16.35pt"><br /> <td style="border:solid black 1.0pt;width:135.75pt;border-top:none;padding:0in 5.25pt 0in 5.25pt;height:16.35pt" valign="top" width="181"> </td><br /> <td style="border-bottom:solid black 1.0pt;width:2.0in;border-top:none;border-left:none;border-right:solid black 1.0pt;padding:0in 5.25pt 0in 5.25pt;height:16.35pt" valign="top" width="192"> </td><br /> <td style="border-bottom:solid black 1.0pt;width:229.5pt;border-top:none;border-left:none;border-right:solid black 1.0pt;padding:0in 5.25pt 0in 5.25pt;height:16.35pt" valign="top" width="306"> </td><br /> </tr><br /> </tbody><br /> </table><br /> <br /> <p><br><br /> The above-listed share certificates are hereby surrendered in exchange for certificates representing consolidated common shares of the Company on the basis of 30 old common shares for 1 post-consolidated shares of the Company. The Company will not issue any fractional Common Shares as a result of the consolidation. Instead, all fractional shares equal or greater to one-half resulting from the consolidation will be rounded up to the next whole number. Otherwise, the fractional share will be cancelled.</p><br /> <br /> <p>The undersigned authorizes and directs Computershare Trust Company of Canada to issue a Direct Registration ("DRS") advice for Lexaria Bioscience Corp. shares to which the undersigned is entitled as indicated below and to mail such advice to the address indicated below or, if no instructions are given, in the name and to the address if any, of the undersigned as appears on the share register maintained by Computershare Investor Services Inc. In the event that a DRS advice is not available, a Company stock certificate will be issued and mailed to the address indicated below.</p><br /> <br /> <table align="center" style="border-collapse:collapse;border:none"><br /> <tbody><br /> <tr><br /> <td colspan="3" style="border-bottom:1px solid black;width:679px;padding:0cm 7px 0cm 7px;border-top:1px solid black;border-right:1px solid black;border-left:1px solid black" valign="top"><br /> <p>Name <b>(please print)</b></p><br /> </td><br /> </tr><br /> <tr><br /> <td colspan="3" style="border-bottom:1px solid black;width:679px;padding:0cm 7px 0cm 7px;border-top:none;border-right:1px solid black;border-left:1px solid black" valign="top"><br /> <p>Address</p><br /> </td><br /> </tr><br /> <tr><br /> <td colspan="3" style="border-bottom:1px solid black;width:679px;padding:0cm 7px 0cm 7px;border-top:none;border-right:1px solid black;border-left:1px solid black" valign="top"> </td><br /> </tr><br /> <tr><br /> <td colspan="3" style="border-bottom:1px solid black;width:679px;padding:0cm 7px 0cm 7px;border-top:none;border-right:1px solid black;border-left:1px solid black" valign="top"><br /> <p align="left" class="MsoTitle" style="text-align:left">City Province Postal Code</p><br /> </td><br /> </tr><br /> <tr><br /> <td style="border-bottom:1px solid black;width:325px;padding:0cm 7px 0cm 7px;height:27px;border-top:none;border-right:1px solid black;border-left:1px solid black" valign="top"><br /> <p align="left" class="MsoTitle" style="text-align:left">Telephone (Office) (Home)<br><br /> ( ) ( )</p><br /> </td><br /> <td style="border-bottom:1px solid black;width:156px;padding:0cm 7px 0cm 7px;height:27px;border-top:none;border-right:1px solid black;border-left:none" valign="top"><br /> <p align="left" class="MsoTitle" style="text-align:left">Social Insurance Number</p><br /> </td><br /> <td style="border-bottom:1px solid black;width:198px;padding:0cm 7px 0cm 7px;height:27px;border-top:none;border-right:1px solid black;border-left:none" valign="top"><br /> <p align="left" class="MsoTitle" style="text-align:left">Tax Identification Number</p><br /> </td><br /> </tr><br /> </tbody><br /> </table><br /> <br /> <p><br><br /> Date: ___________________________ Signature of Shareholder: ______________________________</p><br /> <br /> <p><strong>INSTRUCTIONS FOR COMPLETING THE LETTER OF TRANSMITTAL</strong></p><br /> <br /> <p><strong>Use of Letter of Transmittal</strong></p><br /> <br /> <ol><br /> <li align="left">Each shareholder holding share certificates <u>or DRS</u> of Lexaria Bioscience Corp. must send or deliver this Letter of Transmittal duly completed and signed together with the share certificates <u>or DRS</u> described herein to Computershare Trust Company of Canada ("Computershare") at the office listed below. The method of delivery to Computershare is at the option and risk of the shareholder, but if mail is used, registered mail is recommended.</li><br /> <li align="left"><u>Shares registered</u> in the name of the person by whom (or on whose behalf) the Letter of Transmittal is signed need not be endorsed or accompanied by any share transfer power of attorney.</li><br /> <li align="left"><u>Shares not registered</u> in the name of the person by whom (or on whose behalf) the Letter of Transmittal is signed must be endorsed by the registered holder thereof or deposited together with share transfer power of attorney properly completed by the registered holder. Such signature must be guaranteed by an Eligible Institution or in some other manner satisfactory to Computershare. An Eligible Institution means a Canadian schedule 1 chartered bank, a member of the Securities Transfer Agent Medallion Program (STAMP), a member of the Stock Exchanges Medallion Program (SEMP) or a member of the New York Stock Exchange Inc. Medallion Signature Program (MSP). Members of these programs are usually members of a recognized stock exchange in Canada and the United States, members of the Investment Industry Regulatory Organization of Canada, members of the Financial Industry Regulatory Authority or banks and trust companies in the United States.</li><br /> <li align="left">Where the Letter of Transmittal is executed on behalf of a corporation, partnership or association or by an agent, executor, administrator, trustee, guardian or any person acting in a representative capacity, the Letter of Transmittal must be accompanied by satisfactory evidence of the representative's authority to act.</li><br /> <li>Lexaria Bioscience Corp. reserves the right if it so elects in its absolute discretion to instruct Computershare to waive any defect or irregularity contained in any Letter of Transmittal received by it.</li><br /> </ol><br /> <br /> <p><strong>Lost Share Certificates</strong><br><br /> If a share certificate has been lost or destroyed, shareholders may complete Box A below (only valid until March 31, 2021) and replace their certificate(s) under Computershare's blanket bond with Aviva Canada. Shareholders with replacement requests in excess of $200,000.00, or shareholders who wish to replace their certificates outside of Computershare's blanket bond program must sign and complete this Letter of Transmittal and forward to Computershare together with a letter stating the loss. Computershare will respond with the replacement requirements, which must be properly completed and returned prior to effecting the exchange.</p><br /> <br /> <p><strong>Miscellaneous</strong><br><br /> Additional copies of the Letter of Transmittal may be obtained from Computershare at the office location listed below. Any questions should be directed to Computershare at 1-800-564-6253 between the hours of 8:30 a.m. - 8:00 p.m. E.S.T, or by e-mail to <a href="/cdn-cgi/l/email-protection#5a3935282a35283b2e3f3b392e333534291a3935372a2f2e3f2829323b283f74393537"><span class="__cf_email__" data-cfemail="086b677a78677a697c6d696b7c6167667b486b6765787d7c6d7a7b60697a6d266b6765">[email protected]</span></a>.</p><br /> <br /> <table align="center" style="border-collapse:collapse;border:solid windowtext 1.0pt"><br /> <tbody><br /> <tr><br /> <td style="border:solid windowtext 1.0pt;width:535.25pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="714"><br /> <p align="center" style="text-align:center">BOX A - LOST CERTIFICATES</p><br /> <br /> <p>If your lost certificate(s) forms part of an estate or trust, or are valued at more than CAD $200,000.00, please contact Computershare for additional instructions. Any person who, knowingly and with intent to defraud any insurance company or other person, files a statement of claim containing any materially false information or conceals for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime.</p><br /> <br /> <p><strong>Premium Calculation:</strong></p><br /> <br /> <p style="text-align:justify"><<u>Number of Shares</u>> X CAD $0.0075 = Premium Payable $ _____________________ NOTE: Payment <u>NOT</u> required if premium is less than $5.00</p><br /> <br /> <p style="text-align:justify">The option to replace your certificate by completing this Box A will expire on March 31, 2021. After this date, shareholders must contact Computershare for alternative replacement options. I enclose my certified cheque, bank draft or money order payable to Computershare Trust Company of Canada.</p><br /> <br /> <h6 style="text-align: justify"><b>STATEMENT OF LOST CERTIFICATES:</b> The undersigned (solitarily, jointly and severally, if more than one) represents and agrees to the following: (i) the undersigned is (and, if applicable, the registered owner of the Original(s), at the time of their death, was) the lawful and unconditional owner of the Original(s) and is entitled to the full and exclusive possession thereof; (ii) the missing certificate(s) representing the Original(s) have been lost, stolen or destroyed, and have not been endorsed, cashed, negotiated, transferred, assigned, pledged, hypothecated, encumbered in any way, or otherwise disposed of; (iii) a diligent search for the certificate(s) has been made and they have not been found; and (iv) the undersigned makes this Statement for the purpose of transferring or exchanging the Original(s) (including, if applicable, without probate or letters of administration or certification of estate trustee(s) or similar documentation having been granted by any court), and hereby agrees to surrender the certificate(s) representing the Original(s) for cancellation should the undersigned, at any time, find the certificate(s).</h6><br /> <br /> <h6 style="text-align: justify">The undersigned hereby agrees, for myself and my heirs, assigns and personal representatives, in consideration of the transfer or exchange of the Original(s), to completely indemnify, protect and hold harmless Lexaria Bioscience Corp., Computershare Investor Trust Company of Canada, Aviva Insurance Company of Canada, each of their lawful successors and assigns, and any other party to the transaction (the "Obligees"), from and against all losses, costs and damages, including court costs and attorneys' fees that they may be subject to or liable for in respect of the cancellation and/or replacement of the Original(s) and/or the certificate(s) representing the Original(s) and/ or the transfer or exchange of the Originals represented thereby, upon the transfer, exchange or issue of the Originals and/or a cheque for any cash payment. The rights accruing to the Obligees under the preceding sentence shall not be limited by the negligence, inadvertence, accident, oversight or breach of any duty or obligations on the part of the Obligees or their respective officers, employees and agents or their failure to inquire into, contest, or litigate any claim, whenever such negligence, inadvertence, accident, oversight, breach or failure may occur or have occurred. I acknowledge that a fee of CAD $0.0075 per lost Lexaria Bioscience Corp. share is payable by the undersigned. Surety protection for the Obligees is provided under Blanket Lost Original Instruments/Waiver of Probate or Administration Bond No. 35900-16 issued by Aviva Insurance Company of Canada.</h6><br /> </td><br /> </tr><br /> </tbody><br /> </table><br /> <br /> <p align="left"><br><br /> Enclose all certificates in the envelope provided and send it with the completed form to Computershare, or for any questions contact Computershare</p><br /> <br /> <p align="left"><strong>By Mail:</strong><br><br /> PO Box 7023<br><br /> 31 Adelaide Street East<br><br /> Toronto, ON M5C 2K4<br><br /> Attn: Corporate Actions<br><br /> <br><br /> <strong>By Registered Mail </strong>(Hand or Courier)<strong>:</strong><br><br /> 100 University Avenue<br><br /> 8th Floor<br><br /> Toronto, ON M5J 2Y1<br><br /> Attn: Corporate Actions</p><br /> <br /> <p align="left"><strong>Privacy Notice</strong>: Computershare is committed to protecting your personal information. In the course of providing services to you and our corporate clients, we receive non-public personal information about you-from transactions we perform for you, forms you send us, other communications we have with you or your representatives, etc. This information could include your name, contact details (such as residential address, correspondence address, email address), social insurance number, survey responses, securities holdings and other financial information. We use this to administer your account, to better serve your and our clients' needs and for other lawful purposes relating to our services. Computershare may transfer personal information to other companies in or outside of Canada that provide data processing and storage or other support in order to facilitate the services it provides. Where we share your personal information with other companies to provide services to you, we ensure they have adequate safeguards to protect your personal information. We also ensure the protection of rights of data subjects under the General Data Protection Regulation, where applicable. We have prepared a Privacy Code to tell you more about our information practices, how your privacy is protected and how to contact our Chief Privacy Officer. It is available at our website, www.computershare.com, or by writing to us at 100 University Avenue, Toronto, Ontario, M5J 2Y1. Computershare will use the information you are providing in order to process your request and will treat your signature(s) as your consent to us so doing.</p><br /> <br /> <p><strong>SOURCE: </strong>Lexaria Bioscience Corp.</p><br /> <br><br>View source version on accesswire.com: <br><a href='https://www.accesswire.com/623650/Lexaria-Announces-Effective-Date-for-Reverse-Stock-Split'>https://www.accesswire.com/623650/Lexaria-Announces-Effective-Date-for-Reverse-Stock-Split</a><br><br><img src='https://www.accesswire.com/img.ashx?id=623650' /></div></div> <div class="themestek-blog-classic-footer-readmore"> <div class="themestek-blogbox-footer-left"><a href="https://lexariabioscience.com/2021/01/08/lexaria-announces-effective-date-for-reverse-stock-split/">Read More</a></div> </div> <div class="ts-footer-meta-wrapper"> <span class="ts-footer-meta-line-w ts-footer-meta-line-comments"> <a href="https://lexariabioscience.com/2021/01/08/lexaria-announces-effective-date-for-reverse-stock-split/"> <i class="ts-labtechco-icon-comment-1"></i> <span class="comments"> 0 Comments </span> </a> </span> <span class="ts-footer-meta-line-w ts-footer-meta-line-author"> <span class="author vcard"> <span class="screen-reader-text ts-hide">Author </span> <a class="url fn n" href="https://lexariabioscience.com/author/mmcdonald/"><i class="ts-labtechco-icon-user"></i> mmcdonald</a> </span> </span> </div> </div> </div> </article> <div class="clearfix"></div> </main> </div> <aside id="sidebar-right" class="widget-area col-md-3 col-lg-3 col-xs-12 sidebar"> <aside id="search-2" class="widget-even widget-6 widget widget_search"><form role="search" method="get" class="search-form" action="https://lexariabioscience.com/"> <label> <span class="screen-reader-text">Search for:</span> <input type="search" class="search-field" placeholder="Search …" value="" name="s" /> </label> <input type="submit" 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<span>1</span> </li> </ul> </aside> <aside id="themestek-recent-posts-2" class="widget-even widget-8 widget themestek_widget_recent_entries"> <h3 class="widget-title">Recent Posts</h3> <ul class="ts-recent-post-list"> <li class="ts-recent-post-list-li"><a href="https://lexariabioscience.com/2024/11/26/revolutionizing-healthcare-lexaria-highlights-expanding-therapeutic-benefits-of-glp-1-drugs/">Revolutionizing Healthcare: Lexaria Highlights Expanding Therapeutic Benefits of GLP-1 Drugs</a><span class="post-date">November 26, 2024</span></li><li class="ts-recent-post-list-li"><a href="https://lexariabioscience.com/2024/11/25/lexarias-glp-1-human-pilot-study-3-completes-dosing-as-scheduled/">Lexaria’s GLP-1 Human Pilot Study #3 Completes Dosing as Scheduled</a><span class="post-date">November 25, 2024</span></li><li class="ts-recent-post-list-li"><a href="https://lexariabioscience.com/2024/11/20/all-study-groups-using-dehydratech-processing-outperform-rybelsus-in-body-weight-control-in-lexarias-12-week-glp-1-diabetes-animal-study/">ALL Study Groups using DehydraTECH Processing Outperform Rybelsus® in Body Weight Control in Lexaria’s 12-Week GLP-1, Diabetes Animal Study</a><span class="post-date">November 20, 2024</span></li><li class="ts-recent-post-list-li"><a href="https://lexariabioscience.com/2024/11/14/lexaria-signs-contract-for-new-dehydratech-glp-1-biodistribution-study/">Lexaria Signs Contract For New DehydraTECH GLP-1 Biodistribution Study</a><span class="post-date">November 14, 2024</span></li><li class="ts-recent-post-list-li"><a href="https://lexariabioscience.com/2024/11/13/ethics-board-approval-granted-for-lexarias-12-week-phase-1b-dehydratech-glp-1-study-in-diabetes-and-weight-loss/">Ethics Board Approval Granted for Lexaria’s 12-Week Phase 1b DehydraTECH GLP-1 Study in Diabetes and Weight Loss</a><span 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