Ann: Hera Project Update , page-8

Question for someone more knowledgeable than me:

Glencore had a non-dilition clause such that they could be offered shares to maintain their % holding in the event that YTC offered shares to anyone else.

Pacific capital have this clause as well.

If 2 corporations have a 'non-dilution' clause in a company, what happens if both companies are trying to maintain their %?

By all rights, Glencore had the right to request additional shares when Pacific Capital came onboard so they would not be diluted.

As we see today they chose not to...but what if they did? If they were offered shares then Pacific becomes diluted... and then they would request shares....

Wouldn't this be a never ending circle of dilution until someone decides to not participate? haha.