re: Ann: Update on Progress EMG and CMIC Beyo... Hi Superwealth,...

re: Ann: Update on Progress EMG and CMIC Beyo... Hi Superwealth, here is the link which did state there is $A 100M loan to EMG (Oct 28, 2009)

http://www.abnnewswire.net/press/en/61657/Emergent-Resources-Limited.html

"The Agreement provides:

1. EMG will issue 8,553,971 shares at 45 cents per share and grant 4,276,986 options at 27 cents per option to CMIC. The options expire on 31 October 2010 and have an exercise price of 20 cents.

2. that the parties will use reasonable endeavours to negotiate and sign all joint venture and loan documentation on or before 15th December 2009 based on key terms set out in the Agreement.

3. that all approvals and documentation must be completed by 31 March 2010.
4. a nominee of CMIC will be appointed to the EMG board.

The Agreement is subject to:

- shareholder approval for the issue of shares and options to CMIC;

- Foreign Investment Review Board approval;

- EMG and CMIC signing the Beyondie Joint Venture documents and loan agreement for a A$100 million loan to EMG to fund EMG's initial commitments to the Beyondie Development Joint Venture; and

- approval of the Peoples Republic of China National Development and Reform Commission (NDRC) and other relevant authorities.
"