merger details out, page-67

Forgive me if i'm wrong but does all this mean SEA is getting Wandoo LLC in addition to the other EFS assets?

"This transaction with Wandoo, involving the removal of the
carried working interest on Texon’s EFS acreage, was a key
component of the proposed merger terms with Sundance."

"[Wandoo was acquired]...for the following
consideration:
• US$1,200,000 cash payable in four equal quarterly
instalments, the first payable three months after
completion of the demerger; and
• 11,200,000 shares in the holding company of the
demerged group"

So Texon had to throw in $1.2m and approx 4.6% of the new Company Talon (assuming number of share pre-demerge = 245m)to sweeten the deal just to get it across the line?

Is so, the answer to the question where did all the cash go? Is not that it simply goes to Talon but rather 1.2m of it effectively goes to SEA?

Also, any one got a take on the 30.7% dilution of SEA and how this will affect things?