TAR 0.00% 1.0¢ taruga minerals limited

Can some one explain where the money come from pay for the...

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    Can some one explain where the money  come from pay for the project. Need CR.
    11
    Acquisition Agreements

    Master/Government of Lualaba
    Tenements (60%)
    The principal terms of the terms sheet for Taruga to acquire a
    60
    % interest in the
    Mwil
    u
    and Kalimombe Projects from the Consortium
    are as follows:
    1.
    Payment of US$150,000 on signature
    2.
    TAR to conduct drilling programmes at Mwilu and Kamilombe during a 6
    month due
    diligence period
    3.
    On completion of the due diligence and should TAR wish to continue, TAR will make
    a further payment of US$2,000,000
    4.
    TAR will fund all exploration to the completion of a B
    ankable Feasibility Study (
    B
    FS
    )
    within 3 years with 2 addi
    tional years if required
    5.
    Should TAR wish to continue after completion of BFS, TAR will make a pas de porte
    payment of US$10,000,000 for each permit that it wishes to continue to develop
    6.
    TAR will make a final payment of US$20,000,000 for each project where
    it discovers
    resources in the Measured and Indicated categories exceeding 250,000 tonnes
    of contained cobalt OR 1,000,000 tonnes of contained copper at the conclusion
    of
    the BFS
    7.
    TAR can withdraw its interest in any project at any stage and will return all
    information
 
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Buyers (Bids)

No. Vol. Price($)
1 4134848 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.1¢ 249009 2
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