Ann: Sale of Gilded Rose Gold Project for $4M Consideration, page-24

Actually only

Actually only $2million dollars to be received, if the sale goes through after proper due diligence is completed.

Another $1 million to be received if and when they will reach a certain specified milestone in production, and the other $1 million to be in shares in PNN.

As for the $110k no refundable fees ""($100,000 non-refundable option fee (with $20,000 payable immediately and $80,000 on completion of due diligence)"", we are now only getting $20,000 dollars upfront.

Why would they only pay $20k dollars now and not the whole amount.?? That is the $64k dollars question.