"In the event that the parties determine to form an unincorporated Joint Venture, the A&F Agreement shall provide for the transfer or issuance, as the case may be, of a two-thirds interest in the MOC, the assets related to the Project and the Environmental Permit to CRRC or its designated affiliate."

So it does depend on when the above happens. If CRCC has the permit then KRY shareholders would have no choice but to vote yes in August. Also who would be the designated affiliate it states also?