Resverlogix Corp. shareholders approve plan of arrangement CALGARY, May 28, 2013 /PRNewswire/ - Resverlogix Corp. ("Resverlogix") (TSX: RVX) announced today that holders ("Shareholders") of common shares of Resverlogix ("Resverlogix Shares") have approved the special resolution relating to the proposed spin-out of RVX Therapeutics Inc. ("Therapeutics") to Zenith Epigenetics Corp. (formerly 1741273 Alberta Ltd.), a newly-incorporated company ("Newco"), pursuant to a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). Upon completion of the Arrangement, shareholders of Resverlogix will own one common share of Resverlogix and one common share of Newco for each common share of Resverlogix held immediately prior to the Arrangement becoming effective. The Arrangement was approved by approximately 99.89% of the votes cast by Shareholders at the special meeting of Shareholders held earlier today (the "Meeting"). Resverlogix will be making an application for the final order of the Court of Queen's Bench of Alberta in respect of the Arrangement (the "Final Order") on Thursday, May 30, 2013. At the Meeting, Shareholders also approved ordinary resolutions approving: (i) a stock option plan for Newco to be effective upon completion of the Arrangement; and (ii) a long term incentive plan for Newco to be effective upon completion of the Arrangement. As previously announced, pursuant to the Arrangement, Resverlogix will retain its research and development activities related to the development of compounds for applications with indications involving a therapeutic increase in Apolipoprotein A-1 ("Apo A-I"), including the clinical program related to RVX-208. Resverlogix will spin-off all other research and development activities related to its epigenetic platform technology to Newco. The closing of the Arrangement remains subject to the satisfaction or waiver of the other conditions specified in the arrangement agreement between Resverlogix, Therapeutics and Newco entered into on April 29, 2013 (the "Arrangement Agreement"). If the Final Order is obtained on May 30, 2013 in form and substance satisfactory to Resverlogix and Newco, and all other conditions specified in the Arrangement Agreement are satisfied or waived, Resverlogix and Newco expect that the closing of the Arrangement will occur on June 3, 2013. Resverlogix Corp. is a clinical stage cardiovascular company with an epigenetic platform technology that modulates protein production. We can be followed on our blog at http://www.resverlogix.com/blog. In particular, this news release includes forward looking information relating to the relating to the ability of the parties to satisfy the conditions to, and to complete, the Arrangement and the anticipated date of closing of the Arrangement.