ESSA Pharma Inc. Announces Definitive Agreement To Be Acquired By Xenotherapeutics, Inc., Backed By XOMA Royalty Corporation In All-Cash Transaction

July 14 (Reuters) - ESSA Pharma Inc EPIX.O:

• ESSA PHARMA INC. ANNOUNCES DEFINITIVE AGREEMENT TO BE ACQUIRED BY XENOTHERAPEUTICS, INC., BACKED BY XOMA ROYALTY CORPORATION IN ALL-CASH TRANSACTION

• ESSA PHARMA INC - SHAREHOLDERS TO RECEIVE CVR FOR UP TO $2.95 MILLION

• ESSA PHARMA INC - SHAREHOLDERS TO RECEIVE CASH PAYMENT PER SHARE

• ESSA PHARMA INC - SHAREHOLDERS ESTIMATED TO RECEIVE $1.91 PER SHARE

• ESSA PHARMA INC - AGREEMENT INCLUDES $2.5 MILLION TERMINATION FEE