Ann: Cleansing Prospectus, page-9

G’day couldwellb,
probably related to the $20 just raised, although $15,000 a bit light, as juniors normally need to pay 5-7% of funds raised in fees. They normally disclose the costs and net amount received. They didn’t. So we wait for next quarterly to see.
even if 5%, thats $1m, so $15k not much in that. but it’s something they need to do, to enable them a free hand going forward if they need to raise more. Standard procedure. Just a weird way to do it.
cheers,
ned.