Re South of England Natural Gas and Petroleum Co. Ltd. 1911

Re South of England Natural Gas and Petroleum Co. Ltd. 1911

FACT:
The shareholders of the company had received copies of the Prospectus with the title that clearly specified that it is meant for private circulation. This was not advertised to the public.

JUDGEMENT:
The court ruled that the prospectus was a public oer of shares despite the indication that described it as private circulation only.

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