It is Section -s 708- of the Corporations Act-- It relates to...

It is Section -s 708- of the Corporations Act-- It relates to the issue of shares to parties who are deemed to have sufficient ability to judge the merit of the investment they are entering-- e.g sophisticated investors, Instos who have substantial worth etc That is my (very) layman's interpretation ---
I found this summary of the meaning here--
www.ventureforthcapital.com/other.asp?pageId=50
We will find out on Thurs-- However for instos who all ready have holdings or others such as mentioned in the Act to be investing I see it as good for AZH-- You only have to watch Sky Business Channel for 5 mins or read Fin review to get the picture of the difficulties Business and especially small mining Co's are experiencing in raising money post GFC .For Insto's to stump up more money for AZH even B4 we have had any Drill results must demonstrate their confidence in AZH. All the Best to holders.