Maybe resolutions 5, 6 and 7 to be voted on at the AGM give a clue?
I've seen heaps of employee and/or director options automatically vesting on a takeover offer or on a successful 249 board removal for instance, but I can't ever remember one where options vest if an entity acquires control of 35% or more of votes.
Perhaps a 'corporate transaction' is in the wings?
Ann: Bluebush Project Update - RC drilling underway at Capstan, page-18
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