finance

The most important part of this Ann; is the finance.

Finalizing term sheets by mid Oct 2010

Full loan documents expected to be executed Dec Jan 2010

Providing Hanlong can complete these conditions they will receive 35.5 mil options at C$1-00.

Now comes the bit that says draw down on the loan must be made before the 31st Dec 2011. That's giving everyone a big time frame, this looks like dragging out for some time yet.

Its all looking positive, tick tock, tick tock, patience will be rewarded.