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IMEXHS LIMITED — Capital/Financing Update 2017
Jun 6, 2017
65120_rns_2017-06-06_6f0647a9-ffd5-4b5d-84ae-774328e57229.pdf
Capital/Financing Update
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Omni Market Tide Limited Level 2, 400 Queen Street Brisbane QLD 4000
7 June 2017
The Manager Company Announcements Office Australian Securities Exchange 4[th] Floor, 20 Bridge Street SYDNEY NSW 2000
ELECTRONIC LODGEMENT
Dear Sir or Madam
Reinstatement for trading and completion of share consolidation and placement
Omni Market Tide Limited ( Company ) is pleased to advise that, in accordance with the announcement dated 13 April 2017 and subsequent shareholder approval received at the AGM held on 31 May 2017, it has completed the issue of 104 million fully paid ordinary shares in the Company at an issue price of $0.0125 per share to sophisticated and wholesale investors raising a gross of $1.3 million. In addition, the 10 for 1 share consolidation also approved by shareholders also at the AGM has now been completed. All convertible note holders have converted their shares into equity on a post consolidation basis at 2.5 cents per share for the consideration of 16 million shares in the Company. The Company is also pleased to advise that it has completed a placement under ASX Listing Rule 7.1 issuing a further 8 million shares at $0.0125 to raise an additional $100,000 taking the full placement amount to $1.4 million.
The new issued capital of the Company is therefore as follows:
| New shares issued on 10 for 1 consolidation | 22,657,180 |
|---|---|
| Shares issued on conversion of convertible notes | 16,000,000 |
| Shares issued via placement approved by shareholders | 104,000,000 |
| Shares issued via placement per listing rule 7.1 | 8,000,000 |
| Total fully paid ordinary shares on issue | 150,657,180 |
Other Company securities on issue are as follows:
| Class A Performance Shares – unlisted and restricted until30 July 2017 | 3,000,000 |
|---|---|
| Listed Options with an exercise price of $1.00 per shareexpiring 31 Dec 2018 | 2,500,006 |
| Unlisted Options with an exercise price of $0.025 per shareexpiring 31 March 2021 | 35,000,000 |
The Company is pleased to advise that the ASX has advised it will remove the Company from suspension and trading in OMT securities will recommence from Thursday 8 June 2017
The Company confirms that it is in compliance with Listing Rule 3.1.
Yours faithfully,
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Paul Frederiks Company Secretary