Ann: EUC SIGNS EXCLUSIVE OPTION TO ACQUIRE EDLESTON GOLD PROJECT, page-31

Because:
1. It's always in the vendor's best interest to have as little restrictions on the underlying. In reducing restrictions, the acquiring party is likely to be able to negotiate the asset lower (which it looks like they have considering the company was valued at over $50m off the back of it at a time when gold prices were much lower).
2. 100m shares isn't that much. We churned through 130m yesterday...
3. Dale Ginn knows this asset as he helped discover it, so the risk is lowered compared to if we were acquiring some random asset in Africa for example.