The LEED funding is subject to an agreement to be finalised with...

The LEED funding is subject to an agreement to be finalised with the WA Government. Every
dollar of LEED funding is required to be matched by three dollars provided from other sources
including the funding from the Commonwealth Government for the project. LEED funds will be
provided in stages linked to achievement of milestones to be negotiated with the WA Government.
The LEED funding complements the $7 million funding agreed with the Commonwealth
Government under its Geothermal Drilling Program announced on 23 September 2010.
To complete the funding for the project, Green Rock is in discussions with potential joint venture
partners in the project and the GEP1 geothermal exploration permit covering 143km2 of the Perth
metro area.


sounds confusing but they can count that 7million as part of the 3x money they need to raise, but it can be partial drawdowns...hence the milestones...