What does OIS stand for?

Offer information statements Companies can now raise up to $10m (up from $5m) under an offer information statement.

In advance of the proxy distribution, the Company has distributed a copy of the GSLM Offer Information Statement to its registered shareholders as a means of providing shareholders with detailed information about GSLM.

Small scale offerings The maximum amount of money that may be raised using an Offer Information Statement (when combined with other funds previously raised) has been increased from $5 million to $10 million.

Increased Ability to Issue Offer Information Statements Since its introduction in 1999, companies have been slow to take advantage of the use of Offer Information Statements (OIS) as a way for companies to raise funds of less than $5m.

QRSciences, in the offer information statement (OIS) accompanying the rights issue, acknowledged that it could not stipulate with any certainty the number of new shares a participating shareholder would ultimately be issued other than that, under the terms of the offer, shareholders who subscribed for their full entitlement of new shares would receive between one and two new shares for every three existing shares.