PURPOSEANDEFFECTOFTHEOFFER 5.1. Purpose of the offer5.1.1. The primary purpose of this prospectus is to remove any trading restrictions thata) attach to shares issued by the company without disclosure under Chapter 6D ofthe Corporations Act prior to the date of this prospectus; and(b) may attach to shares issued by the company without disclosure under Chapter 6Dof the Corporations Act prior to the closing date.5.1.2. Under the offer, an amount of approximately $2,000 (before the costs of the offer) may be raised. All of the funds raised (if any) from the offer will be applied towards the expense of the offer. Refer to Section 7.7 of this prospectus for further details relating to the estimated expenses of the offer.5.2. Financial effect of the offerAfter paying for the expenses of the offer of approximately $10,000, there will be no proceeds from the offer. The expenses of the offer (exceeding $2,000) will be met from the company’s existing cash reserves. The offer will have no material effect on the company’s financial position.
Nice to see these guys still wasting our money
CCZ Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
a) attach to shares issued by the company without disclosure under Chapter 6D ofthe Corporations Act prior to the date of this prospectus; and(b) may attach to shares issued by the company without disclosure under Chapter 6Dof the Corporations Act prior to the closing date.5.1.2. Under the offer, an amount of approximately $2,000 (before the costs of the offer) may be raised. All of the funds raised (if any) from the offer will be applied towards the expense of the offer. Refer to Section 7.7 of this prospectus for further details relating to the estimated expenses of the offer.5.2. Financial effect of the offerAfter paying for the expenses of the offer of approximately $10,000, there will be no proceeds from the offer. The expenses of the offer (exceeding $2,000) will be met from the company’s existing cash reserves. The offer will have no material effect on the company’s financial position.
