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53.0¢ argent biopharma limited

Ann: Cleansing Prospectus-MXC.AX, page-15

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Tweedweed

364 Posts.

13

07/09/16

15:15

Post #: 18996459
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Originally posted by LT_Investor ↑

"The linked document is for 40,000 shares at 0.050 a share". This is related to a different company CTR. Current trading sp at 5.9 cents. so they have the right to raised 40,000 shares at 5 cents/per share.

Definition of cleansing Prospectus:
I got this from another forum. Pretty much self explanation.

A cleansing notice is a statutory notice a company must issue after placing new shares on the market. They are usually accompanied by appendix 3Bs. Their purpose is to tell the market that the company is in compliance of its continuous disclosure obligations and is not relying on any carve outs under the continuous disclosure regime. In other words the market is fully informed. This means the newly placed securities can then trade with no restrictions.

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Thanks for that it was all as clear as MUD...

MXC Price at posting: 4.1¢ Sentiment: Hold Disclosure: Held
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