this "merger of equals"

If this is a "merger of equals"

1. How come it is the AVO shareholders who are being issued 0.4453 Anatolia shares for each AVO share? Why isn't it Anatolia shareholders who are being issued with AVO shares? Or might that seem to Anatolia investors that it is AVO taking them over!!

2. How come the corporate head office will be in Denver, USA? It seems to me that Anatolia already has a head office in the USA. See http://www.anatoliaminerals.com/s/Corporate.asp
Why isn't the corporate head office remaining in Australia?

3. To me this looks very much like a scrip takeover of AVO without a decent takeover premium being offered to AVO shareholders with AVO's Management getting decent positions in the new "merged" company.

4. Remember a few years ago BSG was taken over by Coeur without a decent takeover premium.

Just call a scrip takeover a merger these days and it seems you can get away without offering a decent takeover premium.