If the WBC/KSL deal is given approval by the PNG ICCC, then;1)....

If the WBC/KSL deal is given approval by the PNG ICCC, then;

1). There is no guarantee that any placement of shares would be at $0.80,
2) And that, any discussions with Merchant Banks about Capital raising would not leak, into the KSL share price, whilst negotiations developed.

With regards to the ICCC, it could well be a vehicle, for the PNG Government, to express other concerns.
The PNG Government, like the Australian Government, would be considering the rise and rise of China's military power, and the possibility of the USA military force, waning.
How the PNG Government, views these developments, is beyond my knowledge, yet it could well be a factor in the PNG Government's deliberations on the WBC/KSL deal.