Nope, it's merely a tool to comply with the regulations that removes the restriction of trade of the 125'000'000 shares previously issued under placement. Seems someone twigged that they couldn't sell in of the placement shares for 12 months unless this restriction was removed, which it has been by the issuance of the above... Not sure it shows a sign of confidence & may put the share price under some pressure in the short term 8H.
"The primary purpose of this Prospectus is to comply with section 708A(11) of theCorporations Act to remove any trading restrictions that may have attached to Sharesissued by the Company prior to the Closing Date,including the Placement Shares, sothat the holders of the Placement Shares may, if they choose to, sell such Shares withintwelve months from the date of their issue without the issue of a prospectus.Accordingly, the purpose of this Prospectus is to make the Offer and ensure that anyon-sale of the Placement Shares does not breach section 707(3) of the CorporationsAct. "
BRV Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
