"The terms of the Subscription Receipts provide that the Escrowed Funds, less the balance of the commission payable to the Underwriters, will be released to the Company upon the closing of the Acquisition. In such an event, U.S.$8,000,000 of the Escrowed Funds will be applied to the payment of the cash portion of the purchase price payable for the Plant. If the Company has not completed the Acquisition prior to 5:00 p.m. (Toronto time) on March 30, 2009, unless a holder has chosen to nonetheless convert its Subscription Receipts into Common Shares and Warrants, the holders of the Subscription Receipts will be refunded the full amount of the Issue Price of the Subscription Receipts held by them in exchange for such Subscriptions Receipts"

I'm not sure I fully understand this part? Can someone clarify that is sure?