Voting no is just biting the hand that feeds you and is rather ignorant. These were all in the prospectus issued and should not be a surprise to anyone. Without these there is no financing.
R1 - shares at 40c R2 - warrants with expercise price at 40c R3 - Convertibility of Mez Notes
The only question is whether to allow the convertibility of the Mez notes; I think it is a yes because it allows greater flexibility and less chance of default on NWT behalf, even though I'd rather see less dilution it is a necessity IMO and is already factored in (see CS report).
NWT Price at posting:
39.0¢ Sentiment: LT Buy Disclosure: Held