Review Question (CormoatemFundrising) Spanner Ltd manufactures tools. The directors wish to upgrade the factory to increase production but need to raise finance. The company's accountant, Chi, suggests to the board that they can issue shares to the public to raise nance. The board thinks this is a good idea. Q The board instructs a printing firm to prepare 1 million glossy leaets and for the employees to drop the leaflets in the post box of all the people living in the neighbouring suburbs. For greater publicity, the board arranges for a full page advertisement to be published in the Australian Financial Review saying that the company is raising $11 million and that the public is invited to buy shares in Spanner Ltd. Advise the board of Spanner Ltd whether this fundraising complies with the Corporations Act. TLAW 607 Corporate Fundraising and 15