15% ownership at 1c/share payment + fully paying out any existing and future debt before relisting the company, according to the article
So it would work out at paying more than 1c per share, if you consider the debt payment as part of the share placement also. You may as well consider it that way, because that will be the cost to Glencore.
Personally, I'm all for it. Best thing I've heard so far.
