Listing Rule 11.2 If the significant change involves the entity...

Listing Rule 11.2 If the significant change involves the entity disposing of its main undertaking, the entity must get the approval of holders of its ordinary securities and must comply with any requirements of ASX in relation to the notice of meeting. The notice of meeting must include a voting exclusion statement.
So, Calima shareholders will definitely decide this. It's likely that Freeman wasn't prepared for te inevitable ASX question : "what are you doing with the proceeds?' so he's working up his response now?
time to dump Freeman.