AWD 0.00% 0.0¢ aleator energy limited

Ann: Prospectus , page-3

  1. 1,999 Posts.
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    Not a mistake, its to allow AWD to be able to raise funds in the future if needed. As AWD was in suspension they lost the ability to be able to make placements, etc. without issuing a prospectus. By making this (small) placement under a prospectus it nullifies the effect of the suspension on the their ability to raise capital. It's a compliance thing.

    From ASX rules:

    Entities should be aware that one of the conditions of their eligibility:
    ? to offer securities without a disclosure document or product disclosure statement under a ‘low-doc’ rights issue (sections 708AA or 1012DAA of the Corporations Act) or under a share or interest purchase plan (ASIC Class Order 09/425);
    or
    ? to rely on the ‘cleansing notice’ provisions in relation to a secondary sale of securities issued without a disclosure document or product disclosure statement under a placement (sections 708A(5) or 1012DA(5) of the Corporations Act),

    is that their securities have not been suspended for more than a total of five days during the shorter of the period during which the class of securities was quoted, and the 12 month period before the relevant offer or issue
 
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Currently unlisted public company.

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