Item 3 in the REL notice of EGM for the placement to raise $2m...

Item 3 in the REL notice of EGM for the placement to raise $2m says the following

"The Company  proposes  to conduct  a placement  to Sophisticated Investors  and  issue  up to 2,000,000,000 Shares  (Placement  Shares)  at  a  price  of  $0.001  to  raise  up  to  $2,000,000 (Placement). The proceeds  raised under  the Proceeds  will  be used for  contributions  to the Company’s  investments in the Tulainyo Gas  Project, payments  of  cash consideration for  the XGas  Acquisition,  funding potential acquisitions  and for  general  working capital. The Placement  Shares  will,  upon issue,  rank  equally  with  all  other  Shares  then on  issue."

Consideration for the Xgas acquisition ???   Its been terminated...