Ann: LSA: Completion of Koojan Binding Term Sheet, page-14

I think they'll go for something like listed capital of 100 million shares at 20 cents. So that's about 20:1.

Holders below a set number of LTR shares will miss out and get a cash payment because they'll have a below marketable parcel limit of SpinCo - RXL spinout CNR had this set at $500, as a guide.

Best way of guaranteeing a healthy SpinCo allocation is to buy more LTR before the cut off date, which could be soon. Also the minimum expenditure to earn 51% of Moora gives a good idea of how much cash SpinCo wll be cut free with - $4m or so, round it up to $5m for corporate expenses and listing fees. There's still some assays due (by my reckoning) so they'll release those before too much longer - they need to be in the prospectus.