The Huka Falls Resort Limited and the Director (Patrick Marinus Fontein) accepted that Securities have been offered to the public for subscription, without a registered prospectus or an investment statement, in contravention of the requirements of the Securities Act 1978 and the Securities Regulations 1983.
The Company and the Directors were, at the time of offer of the Securities, unaware that offers were made in contravention of the Securities Act and advised the Commission of the breach. They offered undertakings to the Commission to remedy the situation, and to ensure that no further breaches occur.
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