Not quite. Perilya can't increase its shareholding above 25% in 2 years. Perilya can sell (why would they want to?) but if their shareholding drops below 10% (whether through selling or dilution) they lose their anti-dilution right to maintain at least 19.9% of SoI in any further capital raising.
https://newswire.iguana2.com/af5f4d...ing_Commitments_to_Fully_Fund_Option_Exercise
Not quite. Perilya can't increase its shareholding above 25% in...
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