AUSTRALIA: Barkworth Group gets go ahead for A$10m capital raising
The Australian Securities and Investments Commission (ASIC) has lifted a ban on Australia’s largest olive producer, Barkworth Group that prevented it issuing a sixth prospectus for a A$10m (US$5.3m) capital raising. According to a report in local newspaper the Herald Sun, the company was able to proceed with the prospectus when it was amended to remove any reference to earnings forecasts.
The Australian Securities and Investments Commission (ASIC) has lifted a ban on Australia’s largest olive producer, Barkworth Group that prevented it issuing a sixth prospectus for a A$10m (US$5.3m) capital raising.
According to a report in local newspaper the Herald Sun, the company was able to proceed with the prospectus when it was amended to remove any reference to earnings forecasts.
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