Which of the Following Transactions Requires the Company to Prepare

Which of the following transactions requires the company to prepare a prospectus and lodge it with ASIC:

A) Lawrence Ltd needs money to expand its business operations and intends to finance the expansion by approaching BAD Bank and getting a $10 million loan which will be secured by a fixed charge over Lawrence Ltd's machinery.
B) Alfred recently quit his job and wants to start a new business as a sole trader and intends to fund it by issuing $10 million of debentures to the public.
C) John Ltd wants to acquire a competitor in a takeover and intends to fund the transaction by issuing $1.5 million of new shares to 19 investors.
D) Sloan Ltd needs additional working capital which it hopes to obtain by issuing 10 000 000 shares to the public at $10 each.