I think they were probably bound to at least ask the ASX to grant the waiver first so that the vendor could get the shares they were expecting. However, if the ASX doesn't grant the waiver, then my preferred option is to pay the $5m from loan funds and to do a cap raise in about the 2nd quarter of this year when the sp should be at (stabilised) elevated levels and the holders will have less dilution.
Ann: Vector Completes Acquisition of Adidi-Kanga Gold Project, page-60
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