In order to obtain the funds necessary to expand its business, Capital Ltd will undertake a $12M capital raising. Advise the directors of Capital Ltd over the following matters. (a) Can the funds be raised without a prospectus? If so, what other types of disclosure documents are available (2.5 marks). (b) If a prospectus is prepared, what must the directors disclose to investors about the investment? (2.5 marks). (c) If the company issues a prospectus and the directors then become aware that there is a false and misleading statement in it, what can they do to remedy this? (2.5 marks). (d) Does the Corporations Act provide any defences for directors where funds are raised under a prospectus that contains a misleading statement? If so, what are they? (2.5 marks).