MGC Pharmaceuticals concludes its full capital restructuring and refinancing

oduction and development of innovative medicines for unmet medical needs, has announced that following shareholder approval at a General Meeting held on 25 October 2023, the consolidation of the Company’s total issued capital on a 1:1,000 basis has been completed, along with the settlement of the US$7.9m share placement as announced on 1 November 2023.

Upon completion of the Consolidation and Placement, the Company’s capital structure will consist of the below:

Class of SecuritiesNumber of Securities
Fully Paid Ordinary Shares35,430,491
Unlisted options exercisable at US$0.32 on or before 7 November 202815,500,000
Unlisted options (various ex. price from GBP1.20 to A$13.00, April 2024-July 2026)858,824
Performance Rights18,400
Convertible Notes (Mercer Opportunities Fund)7,306,432
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