Ann: MIN: Acquisition of Atlas Iron Limited, page-285

No that's not quite right. That reference to 8% in the announcement is misleading and shouldn't have been in there.

The 8% reference is saying that once Atlas holders hand over their shares then they will hold about 8% of MIN (figuratively speaking)

This is just sweet talk to get the deal over the line. In other words, 'hand over your AGO shares and we'll all be one happy family of MIN shareholders'

Technically speaking, whatever benefits flow to MIN from the deal are preserved for Atlas holders if they become MIN holders. This would include the tax credits.

I don't have an issue with being a MIN holder if they give me a fair and equitable number of MIN shares in exchange for my AGO shares.

That's the crux of the matter!