SPP - Close early or scale back?, page-27

ASX 20 April, 2016.

"20 April 2016
Dear Shareholder
SHARE PURCHASE PLAN OFFER
The Company is pleased to offer Eligible Shareholders the opportunity to participate in the Company's share
purchase plan (Offer). The Offer will give you the opportunity to apply for up to $15,000 worth of New
Shares.
The Company intends to raise up to $15,000,000 under the Offer at an issue price of $0.38 for each New
Share (Issue Price).
In the event the total value of the acceptances under the Offer for New Shares exceeds an aggregate
amount of $15,000,000 worth of New Shares, the Company reserves the right to scale back applications in
such manner as the Directors see fit so that the total funds raised under the Offer do not exceed this
amount.
Participation in the Offer is entirely voluntary. No brokerage costs apply to purchases under the Offer. The​

issue of New Shares is expected to take place on or around 26 May 2016."

Last years offer was very clear not to exceed the $15m.
Not so in this years offer. The $15,000 max for SPP individual / $15m raise is just to confuse you.