I wonder which conditions precedent weren't met to allow the...

I wonder which conditions precedent weren't met to allow the deal to proceed. Seems to Be either cdi holder approval or obtaining all pre emptive rights for transfer of NBG shares.

was this an item on the list when voting for acceptance of the Quantum deal?

Strange they didn't detail the reason for the cancellation. If they stated the qantum deal was good bit pangaea were cut out because of their recent actions that might have been positive. As it is just adds to the mystery of what is going on.

why did quantum make previous payments in time or early yet now they delay the 10 mil until it seems pangaea shares released from escrow? Then cut this deal which leaves pangaea holding shares in the owner of Bau. What Is going on here


Conditions Precedent
In accordance with ASX Listing Rules 10.1 and 10.11, the Agreement and the issue of the Consideration Securities is subject to the receipt of CDI holder approval. As required by ASX Listing Rule 10.5.10, the notice of meeting to approve the transaction will include a report from an independent expert. Such report will state the expert’s opinion as to whether the transaction is fair and reasonable to Besra’s CDI holders (other than Pangaea and its associates). The Agreement is also subject to obtaining all pre-emptive rights (if any) with respect of the transfer of the NBG Shares pursuant to the Agreement