Helix BioPharma Corp. Closes $6.0 Million Private Placement

(Richmond Hill, Ontario) – Helix BioPharma Corp. (TSX: “HBP”) (“Helix” or the “Company”), an immuno-oncology company developing innovative drug candidates for the prevention and treatment of cancer, today announced it has closed a private placement financing of 5,042,016 units of the Company (“Units”) at a price of $1.0332 per Unit, and the concurrent disposition of 1,708,023 shares of the Company’s Polish subsidiary, Helix Immuno-Oncology S.A. (“HIO”), to a third-party purchaser, representing an 15.5% equity stake in HIO (together with the Units, the “Purchased Securities”), for aggregate gross proceeds of CAD $6,000,000, or $1.19 per Purchased Security.