Ann: Successful completion of placement , page-7

The proceeds of the placement will be used principally to fund the human resource talent and infrastructure required by the Company to enhance the Company's oil and gas technical capability and better position it to assess, develop and execute future oil and gas opportunities. Successful completion of placement (Requires Adobe Acrobat Reader)

I have read it again., and interpret it to mean to pay top executive salaries and get a flash new office, with all the latest gizmos and executive trappings. And why not?, you can't expect Wall Street types to come to your field office.