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Ann: Prospectus, page-23

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PirateJoeMiller

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24/05/17

19:01

Post #: 24891681
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Originally posted by serena ↑

Will current shareholders receive the prospectus and application form?

Please read the prospectus, point 2.7 page 11, quoted "...Directors will determine the allottees of all the shares under their sole discretion".

Please read also the notice of meeting dated 27th March 2017 in regard to EXPLANATORY MEMORANDUM of resolutions which have been approved by shareholders on 28th April 2017.

The issuance of 5.6 million new shares at 0.001 is part of DOCA with the following allocation:

Extract from the notice of meeting dated 27th March 2017 page 8, point 3.2 (ECM and third party investors PROCURED by ECM).

Quoted:
In respect to the Capital Raising, as at the date of this Notice, it is intended that ECM and its associates (being the "ECM Parties" (refer to Section 5.1) will subscribe for up to 3,900,000,000 Shares (each at an issue price of $0.001) with the remaining 1,700,000,000 Shares (each at an issue price of $0.001) being subscribed for by third party investors (retail, professional and sophisticated) procured by ECM.

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Cheers for that serena you just popped my bubble.
I never read through the 41 pages. Didnt have the time yet.

Last edited by PirateJoeMiller: 24/05/17

VPR Price at posting: 0.5¢ Sentiment: None Disclosure: Held
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