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Dictionary, the announcement is as follows:
"The Company has also arranged standby funding through a
share placement agreement with the Australian Special Opportunity Fund, LP (“Fund”)in New York. This
arrangement allows the Company to place up to $2,750,000
of shares to the Fund in an initial tranche of $750,000, and, subject to its discretion, two subsequent tranches of
up to $1,000,000, over a two month period.
The Company will determine whether it will draw down future tranches in the light of progressively increasing weekly income (trending toward US$1.0 million per week by the
end of this month, and increasing thereafter)"

Please note that this is a "standby" funding and the 2 subsequent tranches of $1.0 million each (subject to PGI's discretion) may not be drawn down as the Company expects weekly income to increase "progressively".