Offer, page-40

The BOD of NWE can decide that the company needs to raise funds.
They can then do a placement to Sophicated Investors, which will dilute our holdings and MIN's.

A rights issue might appeal more to MIN, as they will then be able to underwrite it.
They will get a fee for underwriting and be able to take up any shortfall thereby increasing their shareholding.

All of this is perfectly legitimate and normal.
Nothing the shareholders will be able to do about it.

Fortunately, this will not happen until after the drilling has completed so the terms will be more favourable to NWE than now.