To: keokalani'nui who wrote (22 ) 12/13/2006 7:26:12 PM From: keokalani'nui Respond to of 85 GTx Announces Registered Direct Common Stock Offering of $60.8 Million Wednesday December 13, 4:04 pm ET MEMPHIS, Tenn., Dec. 13 /PRNewswire-FirstCall/ -- GTx, Inc. (Nasdaq: GTXI - News), the Men's Health Biotech Company, announced today that it has entered into definitive agreements with selected institutional investors to purchase approximately $60.8 million of its common stock in a registered direct offering. Under the terms of the offering, GTx will sell 3,799,600 shares of its common stock at a price of $16.00 per share, which represents a 4.7% discount to the closing price on December 12, 2006. GTx's net proceeds following payment of its expenses are expected to be approximately $57.4 million. The shares are being offered directly by GTx pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission. GTx anticipates that the net proceeds from the offering will be used to fund clinical development and other research and development activities and for working capital and general corporate purposes. The closing of this offering is expected to occur on December 18, 2006, subject to satisfaction of customary closing conditions. Lazard Capital Markets LLC acted as the lead placement agent and Cowen and Company, LLC acted as co-placement agent for the offering. The shares of common stock may only be offered by means of a prospectus supplement and accompanying prospectus, a copy of which may be obtained, when available, from Lazard Capital Markets, LLC at 30 Rockefeller Plaza, 60th floor, New York, NY 10020. ____________ I really think they could have, should have, gone for more.