Ann: Financing Facility, page-120

Manny, under this structure LDA will not be "paying up" with their own capital for the stock issued under the call notices. Under this arrangement, LDA will sell (or short-sell if they are able to borrow stock from a large shareholder) & transfer that capital to BRN to "pay for" the newly issued capital under 7.1 capacity.

It is purely a mechanism to allow BRN to control how stock gets sold that is being issued under the 15% rule.

Technically LDA could pay for the stock using their balance & hold on to the BRN stock being issued under the call notices....but why would they take that risk?