April 27 (Reuters) - Immuron Ltd IMC.AX :
* 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