Aeterna Zentaris Announces "At-the-Market" Issuance Program to Sell up 9.5M Shares

Aeterna Zentaris Inc. AEZS announced today that it has entered into an "At-the-Market" Sales Agreement, dated June 29, 2011, with McNicoll, Lewis & Vlak LLC, under which the Company may, at its discretion, from time to time during the 24-month term of the agreement, sell up to a maximum of 9,500,000 of its common shares through ATM issuances on the NASDAQ Stock Market. MLV will act as sales agent for any sales made under the ATM. The common shares will be sold at market prices prevailing at the time of the sale of common shares, and, as a result, prices may vary.