from pg 12 Advantages (a) Shareholders will retain their current...

from pg 12

Advantages
(a) Shareholders will retain their current shareholding in Tawana and be entitled to the consideration under the Alliance Merger (if approved), and (other than Overseas Shareholders – refer to Section 3.10) also receive a proportional shareholding in Cowan Lithium with a fair value of 0.95 cents per Tawana Share held (if no Options are exercised) in circumstances where the Alliance Merger ascribes no value to 85% of Cowan Lithium or the Projects.