In resolution two, the first 40,000,000 "exclusivity shares" at...

In resolution two, the first 40,000,000 "exclusivity shares" at a deemed $0.07 = $2.8 million.

"Management" have given the vendor $2.8 million in non refundable "exclusivity shares" just for the exclusive right to do due diligence. So a case of pay first and do due diligence later. If due diligence shows the ground to be a dud the vendor gets to keep the shares anyway. IMO the fee seems exorbitant and should be no more than $100,000 if anything at all. The ground itself may not even be worth that.

Unfortunately from my understanding (and correct me if I am wrong) this first part of the deal is already done and committed and cannot be voted on. Its a done deal.