BLH can buy majority stake in Tinley at discount!The BLH Note also provides BLH with the option, but not the obligation, exercisable in whole or in part for five years to purchase Common Shares in such amount as would result in BLH owning, or exercising control or direction over, directly or indirectly, that number of Common Shares as would be equal to at least 50.1% of the then issued and outstanding Common Shares calculated on a fully diluted basis (the "Majority Ownership Option"). The purchase price per Common Share under the Majority Ownership Option shall be set at a 20% discount to the closing price of the Common Shares on the facilities of the CSE on the date prior to the exercise of the Majority Ownership Option, or, if such 20% discount is not permitted by the CSE, then the maximum applicable discount permitted by the CSE. The BLH Note also contains certain pre-emptive rights in favour of BLH to purchase Common Shares during the term of the BLH Note. The BLH Note is subject to all necessary approvals, including final approval from the CSE.