They're paying more because they've altered the agreement:
a) the remaining conditions precedent have been waived or deleted from the SCONI SPA, accordingly the SCONI SPA is now unconditional;
(b) the completion date for the SCONI SPA will be Friday, 8 December 2017; and
(c) Australian Mines will pay Metallica a further non-refundable amount of $1,000,000 within 2 business days in consideration for varying the Agreement.
They're also not really completely selling out as they are receiving part of the payment in AUZ shares that are in Escrow for 3 months...
Ann: MLM: SCONI Sale and Purchase Agreement, page-47
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