Ann: Prospectus, page-5

Nothing to see really. I read it as just a method to facilitate the trading of recently placed shares. It is not an offer to shareholders per se. It's just a way to formally activate the ability to trade (within 12 months) the recently placed shares and it needs a prospectus and transaction to do so. So the issue of $10 does the trick.

Note in document
5.2 Financial effect of the Offer
After expenses of the Offer of approximately $10,000, there will be no proceeds from the
Offer. The expenses of the Offer (exceeding $10) will be met from the Company’s existing
cash reserves.
As such, the Offer will have an effect on the Company’s financial position, being receipt of
funds of $10 less costs of making the Offer of approximately $10,000.