Ann: Media Interview - New High Grade Copper at Bawdwin, page-32

Read the announcement from the 25th May 2018.... last paragraph in this extract below:

Strategic Alliance
MYL and Perilya have also entered into a Strategic Alliance (“Alliance” to support the optimal development and financing of the Bawdwin Concession.
The Alliance includes provisions for MYL to gain technical assistance, future financial support and assistance with procurement, processing and metals marketing from Perilya and its parent Zhongjin Lingnan.
In support of the Alliance, Perilya has provided MYL with a non-binding Letter of Support to assist in arranging finance of up to US$150 million for the future construction of the Bawdwin project.
The Agreements also provides Perilya with the right to nominate a representative to the Board of MYL and a representative on the project committee to be established by MYL for the purposes of assessing and reviewing the overall progress of the Bawdwin project and, in particular, to consider and provide advice to the Board in respect of the technical, legal, financial, financing, environmental, permitting and stakeholder engagement/social aspects of the Bawdwin project. It is expected that Mr Paul Arndt, Perilya’s Managing Director and CEO will join the MYL Board post the placement.
The Agreements also contains an anti-dilution right (subject to receipt of an ASX waiver) to enable Perilya to maintain its equity interest in MYL on the issue of further shares. Perilya’s rights are subject to Perilya maintaining at least a 10% shareholding in the Company.
MYL and Perilya have also agreed that whilst Perilya remains a strategic shareholder with a shareholding of at least 10% in Myanmar Metals on an undiluted basis then Perilya will not compete in respect of any identified natural resources related acquisition, investment or related transaction in Myanmar (“Myanmar Transaction”. In return for this undertaking, Myanmar Metals has granted Perilya a first right, but not the obligation, to be a partner on an arm’s length commercial basis in any such Myanmar Transaction should Myanmar Metals seek an offshore partner.
Perilya will also be subject to a standstill in relation to acquiring a shareholding of greater than 25% in MYL for a period of 2 years. The standstill is on customary conditions for arrangements of this nature.