Issue of Shares for Working Capital Adjustment on Xitron Acquisition
January 11, 2008
ImpediMed Limited (ASPIX:IPD) advises that in connection with the acquisition of Xitron Technologies, Inc on 1st October 2007 due to there being additional working capital accruing to the benefit of ImpediMedi there is additional consideration due to the value of $AU 156,275. The adjustment results in the issue of additional shares at the share price struck in the agreement which was $AU 1.30 coming to 120,212 ordinary shares. These shares will be subject to ASX mandatory escrow until 1st October 2008.
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