I think the key is in the second half of the statement.
” that could materially interfere with – or could reasonably be perceived to interfere with – the independent exercise of their judgement.“
the loan serves to advance company progress and has no negative recourse (Mike either gets paid back in cash or shares).
I’m sure OzNT could fill you in on who signed the 249D but I doubt it needs to be public.
What would a Global mining expert know?, page-6
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