"Initial announcement said Directors had checked with ANZ before proceeding and they were agreeable."
Maybe I've missed it, but as far as I am concerned the 4th. May ASX announcement about the merger DOES NOT mention that. Maybe you can point out where that is mentioned?
In addition, I suggest with regard to the Call Options over 19.9% of BSG Directors' shares, that the terms on p13 of the 7th. May ASX Substantial Holder indicate very clearly in legal speak under what circumstances Coeur can exercise their call. Coeur cannot for example do it tomorrow should Coeur so desire.
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