Students should refer to statute and case law where relevant. Question 1 (10 marks) Ag Exports Ltd is an unlisted public company. The board of directors of the company consider that listing on the ASX would be beneficial for the company because having a liquid market for the company's shares should lower the company's cost of capital. Along with the listing, the company is planning a public offer of shares through the issue of a prospectus Required: Answer the following questions: (a) Where does the power to issue shares come from? (1 mark) Click or tap here to enter text. (b) To list, the company will need to have a constitution which is consistent with the ASX Listing Rules'. What are the ASX Listing Rules? (1 mark) Click or tap here to enter text. (C) What is a prospectus? (1 mark) Click or tap here to enter text. 1 (d) How is a prospectus different from an Offer Information Statement (OIS)? (1 mark) Click or tap here to enter text. (e) What is the general disclosure requirement that applies to most prospectuses? (3 marks) Click or tap here to enter text. () What is the legal requirement regarding the wording of a prospectus? (1 mark) Click or tap here to enter text, (g) What are the consequences if a prospectus contains a misleading or deceptive statement, or an omission of material required to be included under the Corporations Act? (2 marks) Click or tap here to enter text. MacBook Pro