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SEC Comment Letter for ANAVEX LIFE SCIENCES CORP. (AVXL) (CIK 0001314052) (AVXL) — Aug 25, 2016

ANAVEX LIFE SCIENCES CORP. (AVXL) (CIK 0001314052)
Date: Aug. 25, 2016 · CIK: 0001314052 · Accession: 0000000000-16-090046

AI Filing Summary & Sentiment

Sentiment
Urgency
Document Type
Confidence
SEC Posture
Company Posture

Summary

Reasoning

Date
August 25, 2016
Author
/s/ Pamela Howell
Form
UPLOAD
Company
ANAVEX LIFE SCIENCES CORP. (AVXL) (CIK 0001314052)

Letter

Mail Stop 3561 August 25, 2016 Christopher Missling, PhD Chief Executive Officer Anavex Life Sciences Corp. 51 West 52nd Street, 7th Floor New York, NY 10019 -6163

Re: Anavex Life Sciences Corp. Amendment No. 1 to Registration Statement on Form S-3 Filed August 18, 2016 File No. 333 -207600

Dear Dr. Missling:

We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.

After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments . Unless we note otherwise, our references to prior comments are to comments in our November 20, 201 5 letter.

General

1. We note your response to comment 2. You state that approximately 23.5 million shares were sold pursuant to the registration statement filed in July 2014. We note that only 11 million shares were registered pursuant to that registration statement. Please advise. In addition, please tell us whether you filed an Item 3.02 current report on Form 8 -K for the 25,784,409 shares that were iss ued pursuant to the exercise of warrants on a cashless basis and, if not, explain why.

Christopher Missling, PhD Anavex Life Sciences Corp. August 25, 2016 Page 2

2. We note your response to comment 3 and we reissue it in part. Please disclose the percentage of outstanding securities the maximum shares being registered for resale represent.

The Lincoln Park Transaction, page 18

3. We note your response to comment 7 and we reissue it in part. Please disclose the impact of the Lincoln Park transactions on the market price of the company’s stock.

Effect of Performance of the Purcha se Price on Our Stockholders, page 20

4. Given the decrease in the market price of your common stock, consider revising the table in this section to reflect lower assumed purchase prices per share.

Please contact Ronald E. Alper at (202) 551 -3329 or Pam Howell at (202) 551 -3357 with any questions.

Sincerely,
/s/ Pamela Howell
for

Show Raw Text
Mail Stop 3561

August 25, 2016

Christopher Missling, PhD
Chief Executive Officer
Anavex Life Sciences Corp.
51 West 52nd Street, 7th Floor
New York, NY 10019 -6163

Re: Anavex Life Sciences Corp.
  Amendment No. 1 to Registration Statement on Form S-3
Filed August 18, 2016
  File No. 333 -207600

Dear Dr. Missling:

We have reviewed your amended registration statement and have the following
comments.  In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.

Please respond to this letter by amending your registration statement and providing the
requested information.   If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.

After reviewing any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments .  Unless we note
otherwise, our references to prior comments are to comments in our November 20, 201 5 letter.

General

1. We note your response to comment 2.  You state that approximately 23.5 million shares
were sold pursuant to the registration statement filed in July 2014.  We note that only 11
million shares were registered pursuant to that registration statement.  Please advise.  In
addition, please tell us whether you filed an Item 3.02 current report on Form 8 -K for the
25,784,409 shares that were iss ued pursuant to the exercise of warrants on a cashless
basis and, if not, explain why.

Christopher Missling, PhD
Anavex Life Sciences Corp.
August 25, 2016
Page 2

 2. We note your response to comment 3 and we reissue it in part.  Please disclose the
percentage of outstanding securities the maximum shares being registered for resale
represent.

The Lincoln Park Transaction, page 18

3. We note your response to comment 7 and we reissue it in part.  Please disclose the impact
of the Lincoln Park transactions on the market price of the company’s stock.

Effect of Performance of the Purcha se Price on Our Stockholders, page 20

4. Given the decrease in the market price of your common stock, consider revising the table
in this section to reflect lower assumed purchase prices per share.

Please contact Ronald E. Alper at (202) 551 -3329 or Pam Howell at (202) 551 -3357 with
any questions.

Sincerely,

 /s/ Pamela Howell
 for

 John Reynolds
Assistant Director
Office of Beverages, Apparel and
Mining

cc: Clayton Parker , Esq.
      K&L Gates LLP