cornerstone placement and copper-gold funding , page-4

There are essentially 2 transactions that have occured:

1- an equity stake in Minotaur as a whole, being $750k, giving the PE firm exposure to MEP as a listed firm. These are new shares is MEP as listed on the ASX

2- MEP has created a new subsidiary, Minotaur Gold Solutions, which is acquiring (subject to being successful in their bid) the Scotia project. This will be owned 50% by MEP, and 50% by the PE firm. It means on this specific project, MEP will receive 50% of the project benefits and share 50% of the costs, while the other 50% will be owned by the PE firm directly. Any other projects MEP enters into would likely be done through other subsidiaries owned 100% by MEP.

I hope this helps