An underlying reason for getting rid of the multitude of odd lot shareholders Probe has is to prevent someone with 50 shares of Probe being distributed 5 shares of Probe Chromite when the spinoff occurs.
I have read about the frustrations some of the U.S. shareholder have been going thru, it will all be worth it when the spinoff occurs. This will ensure that poachers don't take all of the company's assets with a takeover offer.