Ann: Underwriting Agreement , page-2

Now this is smart management and well done Brian and team.

I like management that plans ahead and gathers its acorns well before the onset of winter! We appear to now be fully funded for the crucial commissioing phase. Not to mention keeping the drilling going at SG.

So, if there is a shortfall, some large instos and/or sophisticated investors are stepping up for 33.3m options at 15 cents (and probably less a fee which is standard practice). Surely this is proof positive that they see the underlying value in PGI.

So, here's the deal guys...if you don't execute your options we do know that 33.3m of them are headed for the big end of town.

I've already sent my cheques away.