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

* ESSA PHARMA INC. ( EPIX ) ANNOUNCES DEFINITIVE AGREEMENT TO BE

ACQUIRED

BY XENOTHERAPEUTICS, INC., BACKED BY XOMA ROYALTY CORPORATION IN

ALL-CASH TRANSACTION

* ESSA PHARMA INC ( EPIX ) - SHAREHOLDERS TO RECEIVE CVR FOR UP TO

$2.95

MILLION

* ESSA PHARMA INC ( EPIX ) - SHAREHOLDERS TO RECEIVE CASH PAYMENT PER

SHARE

* ESSA PHARMA INC ( EPIX ) - SHAREHOLDERS ESTIMATED TO RECEIVE $1.91

PER

SHARE

* ESSA PHARMA INC ( EPIX ) - AGREEMENT INCLUDES $2.5 MILLION

TERMINATION

FEE

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