Short version: the prospectus has no relevance to ordinary shareholders and you may happily ignore it.
Long version: Shares were issued to sophisticated investors without the company producing a disclosure document. Under the Corporations Act, these shares cannot be traded for 12 months unless the company subsequently produces a disclosure document stating any information that would have been relevant to the issue of the shares but that was not disclosed to the public.
The usual way to do this is to release a 'cleansing notice' to the ASX. SAS can't do that because it has been suspended from trading for more than 5 days in the past year. Instead, it is issuing a 'cleansing prospectus' now to achieve the same purpose. The prospectus relates to the issue of a token number of shares. Ordinary shareholders aren't eligible to participate.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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