Ann: Entitlement Offer Prospectus-TON.AX, page-4

I am very happy that TON is being resurrected and not many small cap companies have this "Lazarus effect'.

If possible , could Management clarify further on their 333 page document :

1) Who is SHANDONG TIANYE / MINJAR GOLD - are they are relatively strong financial company? Would the Management be able to "negotiate" with JVC and also YXGC of which two parties are currently not please with the recent 'problems' created by former TON Management ? A description of MINJAR Gold as company would be great . We know it is Chinese Own..

2) Page 48 - Underwriting Risk

"if certain CONDITIONS are not SATISFIED or certain events occur, the underwriter may TERMINATE the Underwriting Agreement"

What conditions?