MELBOURNE, Australia--(BUSINESS WIRE)--On 25 March 2009, Avexa (ASX:AVX) announced a pro-rata renounceable rights issue to eligible shareholders on the basis of one (1) new share for every two (2) shares held at the Record Date of 7.00pm AEST on 3 April 2009 (Rights Issue). At the close of the Rights Issue the Company received applications for entitlements and for additional shares totalling $17 million.
