RE:RE:Australian partner?I don't think it is only for the right to negotiate, but that is a big part of it. (news behind the news)
There is a coversion price attached to the deal whereby Northern Star can exercise prior to the 1st anniversary @ 125% of the share price, and after 1 year they can opt to convert it at the equivilent of $4 per share. Regardless if they just hold the debenture they get a 4.75% return.
That is how I read it...