Ann: $1,800,000 Issue of Convertible Notes, page-30

I think this is a juicy announcement because:

1) $1.8m of real money has been commited. Huge Confidence.

2) These C Notes are redeemable for Shares Only after 5 years at 10c. Can't redeem cash. That values the shares at 10c, otherwise they stand to loose capital.

3) We know fr Sept Qtr that NAGs only needs $147k/ Qrtr to sustain. These funds are to take advantage of opportunities not to sustain. Management are expecting opportunities.

4) PASS Capital works are completed. This has to be about Sulphide Gold imo. Maybe its about having money to drill straight after IPs if positive results. Great if so.

5) The C Note holders made Huge Vote of confidence in NAGs management, not with words. Their money is talkg.

6) NAGs now has $2m in Cash and $1m at call. Thats $3m of Funding. Not cash strapped.

7) Revenue will flow sooner, not later. Thats great news imo.