In case folks aren't following the other thread, here’s a quick rundown with some more info
Here’s what we know so far:
Hebang current holding 255M - 10.88% of 2344M
Company gonna issue 70M to Aboriginal title owner
After stage 1 Hebang will hold (255M+285M)/(2344M+70M+285M) = 540M/2699M = 19.91%
After stage 2: Hebang will hold (540M+465M)/(2699M+465M) = 1005M/3164M = 31.76%
About "control" or "controlled subsidiary", there’s been a bit of a AI-translation issue with the ChatGPT results. It’s not about controlling the company but rather about holding a significant amount of shares— around 32%.
Ann: Extension of Voluntary Suspension, page-60
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