18 Million capital raising condition

Key Terms The Share Placement Agreement includes the following key terms:  Completion of the Share Placement is conditional on VDM having entered into a mineral investment contract with the Government of the Republic of Angola, Seabank Resources LDA (Seabank), and Pebric Mining and Consulting LDA in relation to the Cachoeiras do Binga Project as required by the new Angolan Mining Code (MIC Condition).  VDM must use all reasonable endeavours to ensure the MIC Condition is satisfied as soon as practicable and in any event before 31 December 2015 or such other date that the investor and VDM agree.

As per the announcement the date to satisfy MIC is 31 Dec, does that mean if it does not happen till 31 Dec then 18 million investor will walk away......it says or agreed date as well.......there should be some update on this date negotiation before 31 Dec to ASX .............