Question 2 Michelle and Phillip owned a successful tofu nut plantation. Not long ago they decided to form a company, Nutgro Ltd, to acquire and manage the existing plantation and to establish similar plantations in northern Victoria. As consideration for the sale of the business to the company, they receive a substantial block of shares. At a recent board meeting the directors of Nutgro Ltd (Michelle, Phillip and Abe) were discussing raising $50 million by issuing shares in order to fund further expansion of the business Several fundraising options were considered: offering additional shares to existing shareholders; offering shares to past and present employees of Nutgro Ltd; and offering $50 million worth of shares to Eastern Insurance Ltd. (a) Does Nutgro Ltd have to prepare a disclosure document in respect of the above offers? If so, what type of disclosure document must be prepared? (b) Does the disclosure document have to disclose details of the sale of Michelle and Phillip's tofu nut plantation to Nutgro profit and dividend forecast