MRQ 0.00% 0.4¢ mrg metals limited

Does this mean another milestone will be achieved?more dilution?...

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    Does this mean another milestone will be achieved?more dilution?
    Milestone payments and timeframe for payments:
    1. Within 24 months of Settlement and the achievement of a 350M tonne JORC 2012 compliant
    resource (minimum Total Heavy Minerals (THM) of 5%), MRG shall issue 240,000,000 MRQ
    fully paid ordinary shares to Sofala and Trophosys shareholders.
    2. Following completion of a Scoping Study on the HMS Projects showing positive economics
    combined with a MRG Board decision to commence a PFS at any time after Settlement or
    within 30 months MRG shall issue 480,000,000 MRQ fully paid ordinary shares to Sofala
    and Trophysys. Further, the Sofala and Trophosys shareholders will voluntarily escrow
    240,000,000 of these shares, until such time that MRG achieves a Market Capitalisation
    greater than A$100M for greater than 30 days or for a period of 24 months from issue,
    whichever occurs first. If the HMS Projects are sold at a valuation greater than $100 million
    cash or based on consideration that is valued by an Independent Expert’s Report, prior to
    the completion of milestone 2, then all shares under milestones 1 and 2 will be issued.
 
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