For a Share Placement,the Australian Authority ASIC or ASX Listing

For a share placement,the Australian authority ASIC or ASX listing rules require:

A) that a placement must consist of subscriptions of not less than $1 000 000.
B) there must be no more than 20 participants.
C) the discount from market price must not be above 50 per cent.
D) that for a company that has had total placements of more than 15 per cent in the last 12 months, agreement for another must be sought from shareholders at the annual general meeting.

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