Ann: Quarterly Activities Report, page-19

The Investor will make the Initial Investment of $500,000 for $549,451 worth of Shares next week and has given the Company a commitment for an additional $1,500,000 of investment for $1,648,352 worth of Shares (together with the Initial Investment, the “Commitment”). Nagambie will have the right to draw down funds under the Commitment in the Company’s discretion, during the 36-month term of the Commitment, as and when required by the Company, in tranches of $100,000 to $400,000, no more frequently than approximately monthly, within agreed parameters related to the Company’s market capitalisation and liquidity. The Investor will not be obligated to fund a tranche of the Commitment requested by the Company, if the market price of Nagambie’s shares is below $0.05 and does not recover to above that level within three months; however, the Investor may accelerate the funding of the Commitment.*******


above is condition of $2 million funding

I recall last raise was at 8c, so it’s appropriate for rampers to get excited about 6.5c