On September 3, 2009, IntelGenx Technologies Corp. (the "Company") completed an offering of 250,000 units (the "Units") at CDN$0.41 per Unit for gross proceeds of CDN$102,500 ("the "Offering"), pursuant to the terms of subscription agreement with its investor (the "Subscription Agreement"). Each Unit consists of one common share of the Company (a "Unit Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one common share of the Company (a "Warrant Share") at an initial exercise price of US$0.80 per common share and expires on September 3, 2012. The exercise price of the Warrants is subject to adjustment for certain events, including without limitation, dividends, distributions or split of the Company's common stock, subsequent rights offerings by the Company, or in the event of the Company's consolidation, merger or reorganization.

The foregoing issuances were exempt from registration under Section 4(2) of the Securities Act of 1933, as amended (the "Act"). The Unit Shares, the Warrants and the Warrant Shares are subject to statutory resale restrictions under the Act and contain, or will contain upon issuance, a legend restricting the sale of such securities in accordance with applicable exemptions from the registration requirements of the Act. Pursuant to the Subscription Agreements, there are no registrations right provided for this offering.