The way I was reading it was they have to have the firm commitments in writing that they have the $47 million by 15/2/17.I guess they could do a rights issue but would need a letter from an underwriter by the 15/2/17 to say the underwriter will cover any shortfall for the rights issue.With letters from banks and underwriters they could show these to CX partners by 15/2/17 to say they have the $47 million.
TSN Price at posting:
2.8¢ Sentiment: None Disclosure: Not Held
