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Australis Aquaculture Ltd - 24/07/2006

A total of 15,979,350 fully paid ordinary shares and a total of 5,000,000 unlisted options with an exercise price of $0.30 and expiry of 25 March 2009 issued as part of the listing process to directors and promoters will be released from escrow on 4 August 2006.

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6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
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