ProspectusWed, 30 May 2012 08:58:00 +1000 16 hours, 28 minutes ago
Orchid Capital Ltd (To be renamed Coral Sea Petroleum Ltd) ABN 30 073 099 171 Prospectus In relation to the offer of: • 10,000,000 New Shares at an issue price of 20 cents each to raise $2,000,000 (Share Offer); and • the offer of 29,758,832 New Options each exercisable at 20 cents on or before the Expiry Date at an issue price of 0.4 cents each to raise up to $119,035 (Option Offer). The Share Offer is fully underwritten by Minimum Risk Pty Ltd. Important Notice This is a re-compliance prospectus for the purposes of satisfying Chapters 1 and 2 of the ASX Listing Rules and to satisfy ASX requirements for re-listing following a change in the nature and scale of the Company’s activities.
The Share Offer and the Option Offer are conditional upon satisfaction or waiver of all of the conditions precedent to the Share Sale Agreement between the Company, Indo Pacific Energy Pty Ltd and the shareholders of Indo Pacific Energy Pty Ltd dated 19 July 2011. Please refer to Section 2 of this Prospectus for further details. The New Shares and New Options offered by this Prospectus should be considered highly speculative and potential investors should refer to Section 8 for further details concerning the Risk Factors associated with an investment in New Shares and New Options This Prospectus provides important information to assist investors in deciding whether or not to invest in the Company and should be read in its entirety.
If you are in any doubt as to how to deal with this document, please consult your professional adviser. Contents 1 Investment Overview ......................................................................................................................6 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 2 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 2.10 2.11 2.12 2.13 2.14 2.15 2.16 3 3.1 3.2 3.3 3.4 3.5 3.6 4 4.1 4.2 5 6 7 8 The Company and Background to the Offers........................................................................6 General Meeting ................................................................................................................7 Business Model .................................................................................................................7 Purpose of the Offers .........................................................................................................8 Investment Highlights ........................................................................................................8 Key Risks .........................................................................................................................9 Use of Funds ...................................................................................................................11 The Offers ......................................................................................................................14 Financial Information ......................................................................................................14 Directors and Key Personnel ............................................................................................15 Substantial shareholders ...................................................................................................19 Restricted Securities ........................................................................................................20 The Offers ......................................................................................................................21 Offers are conditional ......................................................................................................21 Capital Structure..............................................................................................................21 Underwriting...................................................................................................................22 Applications....................................................................................................................23 Application money held in trust ........................................................................................24 Allotment .......................................................................................................................24 ASX Listing ....................................................................................................................24 Foreign Shareholders .......................................................................................................24 CHESS and issuer sponsored holdings ..............................................................................25 Taxation Implications ......................................................................................................25 Restricted Securities ........................................................................................................25 Withdrawal of Offers .......................................................................................................26 No Forecasts
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