Originally Posted by
Pumice
Hi Peat, you might actually be able to help me here.
How do i go about getting a certificate that satisfies the following clauses
Or does anyone else have any advice.
Hi Lance,
In order for an "experienced" investor to invest in Aquaflow, the Securities Act requires that the investor:
(a) get a certificate from an independent financial service provider certifying that the provider is satisfied on reasonable grounds that you, as a result of having "experience" in investing money, or experience in the industry in which Aquaflow operates, are able to assess—
(i) the merits of the offer; and
(ii) the value of the security; and
(iii) the risks involved in accepting the offer; and
(iv) your own information needs; and
(v) the adequacy of the information given by Aquaflow; and
(b) the financial service provider gives you, before the shares are allotted to you, a written statement of the financial service provider's reasons for being satisfied as to those matters; and
(c) you sign a written acknowledgment, before the shares are allotted to you, that—
• the financial service provider has given you neither an investment statement nor a registered prospectus relating to the shares (as these are not required if you are "experienced"); and
• you understand that you will not receive information usually provided by an issuer in respect of an offer of securities to the public including (in particular) an investment statement and a registered prospectus (once again, as these are not required if you are "experienced").
Once you have this certificate, we can quickly arrange for a share suscription agreement, and for you to send funds to our account. Shares can then be issued. Please ensure your financial adviser adheres to the requirements of the certificate set out in this email. If your adviser wants to look at the Securities Act themselves, you can direct them to section 5(2CE).
The shares will be issued at AUD$0.15 per share. We will exchange to NZD$ on the day funds are to be sent, so we will know exactly how many NZD$ you need to send. We will liaise furter on this once you are ready.
Please let me know if you have any questions.
Regards
Rebecca