PEK 4.76% 20.0¢ peak rare earths limited

Ann: Peak Produces First High Purity Rare Earth P, page-7

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    re: Ann: Peak Produces First High Purity Rare... Can you see the difference in between reference to the agreement in Ann dated 12 May and today ann :

    12 MAY : The non-binding Memorandum of Understanding with the cornerstone investor contemplates the Ngualla
    Rare Earth Project being fully funded through to production and is expected to comprise of three funding
    tranches, which will be received in line with the development stages as defined in Peak’s 3 December 2012

    Today Ann : Peak is moving forward with discussions to finalise a binding agreement with a strategic partner that is anticipated to see Ngualla fully funded through to production.

    NON-Binding become BINDING ????
 
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