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Immuron Ltd — Capital/Financing Update 2009
Aug 20, 2009
35121_rns_2009-08-20_16800703-21b8-4bdf-8daa-fa5486f31f07.pdf
Capital/Financing Update
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21 August 2009
The Manager The Company Announcement Office Australian Stock Exchange Sydney NSW
Dear Sir
Completion of Shareholder Share Purchase Plan (SSPP) ASX; IMC; OTCQX: IMROY
I wish to advise that the SSPP which closed on 14 August has been heavily oversubscribed.
In accordance with the ASX listing Rules, Immuron is limited to issuing no greater than 30% of the shares currently on issue. The company has therefore had to scale back the allotment of shares on a pro rata basis for all eligible applications received.
The final allocations will be made on the following basis.
| Application for sharesShares allotted | Offer A50,00044,295 | Offer B100,00088,585 | Offer C166,666147,640 |
|---|
Refund cheques for excess applications will be forwarded to shareholders in the coming week.
The final amount raised under the SSPP is $1,301,119 and the Board of Immuron would like to thank shareholders for the vote of confidence in the Company.
Yours faithfully
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Professor Colin Chapman Executive Chairman