proposed sale of a world-class asset..., page-67

The need for Shareholders approval and for Quasar Resources not to exercise its preemptive right if an offer were made seems clear enough. But getting ITOCHU's consent is puzzling. They have the right (Deferred Share Rights Deed) to purchase up to 40% at 10% discount to the 2m VWAP - based on the SP one month after "final determination" (legals decided or withdrawn). So why would they consent to give up this right ?

Looks a pretty good deal for them at current SP! And we're still holding their $20 million in trust - so it was a serious deal for ITOCHU. ... The trust money is more than we have as cash in hand.

And we shouldn't forget the Exploration Licence we still hold with Q in the same ratio - EL 5017 I think (Arkaroola ?). Wonder what would happen with that.