announcement just out, page-5

TRF will still own 50% of the project, but is essentially "selling" the other 50% to fund it. Preferential offering is there in case you want to get even more exposure to the project. This arrangement minimises dilution of TRF's assets while allowing the project to get funded.

The ideal way forward for us existing shareholders in my opinion!

You do own 100% of the project now, but that is worth nothing if you don't get the cash to develop it... This way it gives you the option to partially fund the project and increase your ownership of a developed VIABLE project!

Hope that helps you,

UIO