pre_nr , page-48

if you read to last part of announcement as per below
this wont get voted through and we get the 1m early and pay it back in a few weeks for cost of 25 grand, gee you would think the sky has fallen in...

* No conversion may occur during the first two months after the
date of execution of the agreement. Conversion is conditional
on shareholders passing the necessary resolutions to enable
Legacy to issue ordinary shares within the 15% cap provided
for by ASX Listing Rule 7.1. If shareholders do not pass the
resolutions required to enable shares to be issued on
conversion, the funding will only be repayable in cash.
?? The shares and the options referred to in the agreement will
not be issued until after the Extraordinary General Meeting.
The short term funding will further strengthen Legacy’s cash reserves
and ensure it can continue to meet its ongoing aggressive drilling and
exploration programs, as recently advised to the market.
The interim funding is ahead of a proposed $18.9m capital injection
should shareholders approve the placement to National Mineral
Development Corporation Limited at an EGM on 16 December 2011.
Legacy will provide an update on the proxies received for the EGM, in
due course, but is pleased with the positive response to date.