What information must a prospectus contain?

Question 4Select one:

a.

A prospectus need only contain the specific information in the list of particulars set out in s 711.

b.

Prospectuses must refer to the type of business conducted by the company and the specific reason for issuing the securities. This must be stated very clearly so that even an uneducated investor can understand the prospectus. An offer information statement may also be issued to clarify matters to investors if the prospectus is unclear

c.

There are no particular legal requirements for a prospectus; each company must determine what is appropriate according to s 713.

d.

A prospectus must have sufficient information to satisfy the general disclosure test under s 710, whereby the disclosing document must contain whatever information a reasonable investor would expect to find to make an informed assessment of the security offered, as well as the specific disclosure required by s 711.