April 27, 2020 / 12:41 AM / a month ago

BRIEF-Immuron Resolved To Relinquish Cash Payments Of Fees

April 27 (Reuters) - Immuron Ltd:

* RESOLVED TO RELINQUISH CASH PAYMENTS OF FEES AND IN LIEU OF SAME RECEIVE COMMON STOCK IN CO

* IMMURON-PROPOSES TO ISSUE SUCH SHARES TO DIRECTORS UP TO A VALUE OF A$250K WITH ISSUE PRICE OF $0.08 PER SHARE

* IN ADDITION TO ISSUE OF SHARES, RESOLVED TO ESTABLISH A POOL OF 9 MILLION UNLISTED OPTIONS TO BE ALLOCATED AMONG DIRECTORS Source text for Eikon: Further company coverage:

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