Okay so it seem that one of the key points is that the Burbanks Mill is to be leased for 12 months to a company with a right to obtain 50% of the company. MXR will be paid $3.2 million for the one year lease and the right to purchase half after that year. So that solves the convertible note issue
Ann: $3.2 Million Mill Lease and 50% EGMS Sale Package, page-3
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