Prepare a disclosure document

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Figment Ltd wishes to raise $11 million through a share issue but does not want to prepare a prospectus. The company secretary has advised the board of directors that to raise such a large amount of money, the company has no alternative but to prepare a disclosure document which is the same as a prospectus. Discuss the company's options and in your discussion include whether the company secretary's advice is correct. Use the CA to support your answer.

Reference no: EM13327818

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