CLZ 0.00% 0.1¢ classic minerals ltd

Ann: Cleansing Prospectus, page-5

  1. 3,058 Posts.
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    It may have something to do with the fact their securities were in suspension for more than 5 days in the past 12 months. Not entirely sure. Regardless, offer 1000 shares @ $0.01 to raise a nominal amount of $10. Points to note:
    1. Been on the go with this for at least 3 months;
    2. Cost to lodge is $12,000;
    3. Purpose of offer is to remove trading restrictions on securities issued "prior" to date of prospectus; and
    4. Effect of offer will be an increase in cash by $10 and SOI will increase by 1000.

    $12k in costs........must be important for someone!!
    Last edited by Chill: 19/04/17
 
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