M4M 3.13% 3.1¢ macro metals limited

Hi JPS, SPP are always restricted to a maximumum of $15,000 if...

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    Hi JPS, SPP are always restricted to a maximumum of $15,000 if they want an exemption under ASIC class order 09/425 from complying with some corporations law requirements re issuing full prospectuses etc

    "8. Subject to paragraph 9, the issuer must not issue shares or interests to a registered holder under the purchase plan unless:

    1. (a) the holder has, on application for the shares or interests, provided the issuer with a certificate to the effect that the total of the application price for the following does not exceed $15,000: "



      So this raising will be no different, maximum will not be able to exceed $15,000, they can of course set a lower maximum if they chose.
 
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