"subject to superior offer"Now Lion's get placement @ 11.5c for...

"subject to superior offer"

Now Lion's get placement @ 11.5c for 12% of CGT.

Does Lion think they may only get minimum acceptance to take this placement? Is this extra capital which will add about 30% to CGT's cash make much difference in the overall scheme of things?

Or do Lion expect a superior offer forthcoming allowing them a $250k fee plus at the least doubling their money on placement???