financing still being arranged, page-3

Hi Plough and all,

BJ hasn't responded yet but this quote below from their latest Quarterly reassures me somewhat. I am guessing 4.1(a) of the Prospectus is just an arse covering legal statement but I will still let you all know what/ if I get a response from BJ to my question.

Cheers
John

Project Finance
During the quarter and in the month following, EnviroGold raised an additional $4 million of capital through share issues which will be applied to the Group’s commitment to a US$30 million equity contribution to the project.
The Company now intends to accept an offer to purchase a 3% gold royalty for US$7.5 million, eliminating the need to sell down a 25% interest in the project.
EnviroGold will now have an effective 92.5% interest in the project.
Project funding will be through a US$35 million facility to be provided by Macquarie Bank Limited, a short term US$5 million loan from a Dominican Bank, and the US$7.5 million advance on the gold royalty.