Minimum subscription

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..... um subscription. 99. (1) For non-underwritten issues: (a) If the issuing company does not receive the minimum subscription of ninety per cent. of the offer through offer document on the date of clos .....

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..... issue, it is liable to pay the amount with interest to the subscribers at the rate of fifteen per cent. per annum for the period of delay. (2) For underwritten issues: If the issuing company does not .....

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