Question
Wombat Ltd is a large company that needs additional funds to supplement its working capital. It decides to issue additional shares to investors to raise
Wombat Ltd is a large company that needs additional funds to supplement its working capital. It decides to issue additional shares to investors to raise those funds.Under what scenario below would Wombat Ltd need to adhere to the disclosure requirements under Chapter 6D of the Corporations Act (Cth) 2001?
a.Wombat Ltd is raising $1.5 million over a 12-month period to 5 investors.
b.Wombat Ltd is issuing 10,000,000 shares at $1.50 each to the public with no minimum subscription amount.
c.Wombat Ltd is issuing 10,000,000 shares at $1.50 each to the public with a minimum subscription amount of $750,000.
d.Wombat Ltd is issuing $100,000,000.00 in debentures to several very large banks located in Australia.
e.Wombat Ltd is issuing 10,000,000 shares at $1.50 to Wombat Ltd's Managing Director, Chief Financial officer and their respective spouses.
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