the Company has received US$1.6 million cash;• the purchaser has...

the Company has received US$1.6 million cash;
• the purchaser has assumed all liabilities relating to the Project with effect from 1 September being approximately US$2.7 million; and
• the purchaser will pay to the Company a royalty for production in excess of 450,000 tonnes at the rate of US$6/tonne, to a maximum of 850,000 tonnes (estimated at US$2.4 million).

Good to get this distraction off our plates. Onto the main game!