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Immuron Ltd Announces Underwritten Renounceable Rights Issue


Tuesday, 26 Mar 2013 07:01pm EDT 

Immuron Ltd announced that it is undertaking a fully underwritten renounceable pro-rata rights offer to the Company’s shareholders (the Offer). The Offer is open to all eligible shareholders of the Company who are on the share register as on April 08, 2013 ( the Record Date) and who have a registered address in Australia or New Zealand. Under the Offer, the Company will make an offer to all eligible shareholders of three fully paid New Shares for every two fully paid shares held as at the Record Date at a price of 0.3 of a cent ($0.003) per share. In addition to the rights issue, eligible shareholders will have the opportunity to also participate in a Top Up Offer if there is a shortfall in the Rights Offer. The offer is fully underwritten by Patersons Securities Limited and will be offered pursuant to a prospectus lodged by the Company. The rights issue will result in the issue of approximately 621,270,086 fully paid shares and raise $1,863,810, before the costs of the issue. 

Company Quote

0.0055
0.0010 +10.00%
24 Jul 2014