capital raising

  1. 2,239 Posts.
    I just noticed this clause in a capital raising being performed by BRT - never seen it before..

    "The Underwriter may, prior to the issue of Options pursuant to the Offer, terminate
    its obligations under the Underwriting Agreement by written notice to the
    Company if any of the following events occur:

    Hostilities: there is an outbreak of hostilities or a material escalation of hostilities (whether or not war has been declared) after the date of the agreement involving one or more of Australia, Indonesia, Japan, Russia,
    the United Kingdom, the United States of America, or the Peoples Republic of China, other than hostilities involving Afghanistan, any country bordering Afghanistan or any Arab country (being a country the majority
    of whose inhabitants are of Arab ethnicity);
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