Ann: Completion of Placement, page-11

Any idea what the line regarding “ customary closing conditions related to the placement “ might involve ? Even the line referring to gross proceeds from the placement is puzzling.

Isn’t the money in their ( BOT ) account ?

“Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks and uncertainties associated with market conditions and the satisfaction of customary closing conditions related to the Placement, the expected gross proceeds from the Placement and the intended use of proceeds of the Placement”