Ann: Tawana & Alliance to Merge and Capital Raising & SIA, page-259

Honestly I think it is a worse outcome for those who bought in at $0.5x i.e. >$0.37 as they are going to see this drop just when it was trending up after a bit of ranging.
But IMO I dont see this dropping much cause AMAL probably will head north quickly on Monday and TAW will probably continue to trade 5-10% below the AMAL SP. If it does drop considerably I will be trying to move money around and buy more. I may be wrong but this is how I believe it will play out.