vorny,there are conditions precedent, but SP is not one of...

vorny,

there are conditions precedent, but SP is not one of them.

from the release on 08/09...

Completion of the placement to CRM is subject to satisfaction (or waiver) of the following conditions:
• satisfactory outcome of due diligence by CRM on the Company;
• CRM receiving written notification under the Foreign Acquisitions and Takeovers Act 1975 that the Australian
Commonwealth Government has no objection under its foreign investment policy or under the Act to the
placement by the Company to CRM;
• CRM obtaining various Chinese regulatory approvals; and
• signing of 3.0 million tonnes per annum Iron Ore sales contract for 10 years with CRM.