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.
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