Ann: Suspension from Official Quotation, page-4

Interesting point. It all depends on the nature of the CR. If it's to existing SH, they'll be able to participate as their our largest holder.

If you mean that they're stumping up extra cash for a greater share in ERM, that would be great but I think there might regulatory issues as they already own 12.9%. Anything above 19% triggers certain disclosures around TO (from memory).

So if ERM used the 15% placement capacity to issue 57m more shares to EVN, that would push EVN well above the 19% mark. They could lessen the placement to fit in just under but if we need the cash and have buyers, I'd propose we issue the full amount. Anyway, 57m shares at 8.5c is less than $5m. Peanuts.

Biggest question right now is not to whom, but for what is the CR for.