"The Company offers for subscription 5,000 New Shares at an issue price of $0.015 per Share under this Prospectus. The Offer is being extended to unrelated persons who are invited by the Company to subscribe for Shares and is not open to the general public. Any funds raised from the Offer will be applied towards the expenses of the Offer."
"The maximum the Company will raise under this Prospectus is $75for the 5,000 New Shares offered. The estimated expenses of the Offer are as set out in section 5.5 of this Prospectus. "
and from section 5.5
"The estimated expenses of the Offer are approximately $4,000, including ASIC, ASX and legal costs."
LOLL - GMC raised $75 at a cost of $4,000
This company just continues to make me laugh
GMC Price at posting:
0.9¢ Sentiment: Sell Disclosure: Not Held
