despatch date 6 july, page-2

Following on .........The Placement will be made in two Tranches. Tranche 1 will be for 109,700,000 Shares and 27,425,000 New Options to raise $3,071,600 and will be made pursuant to the Company’s 15% placement capacity. COMPLETED!!

Tranche 2 of the Placement will be for 126,015,000 new shares and 31,503,750 New Options to raise $3,528,420 and will be issued subject to shareholder approval at a General Meeting of the Company to be held in early July

The second tranch at least should be placed in ESCROW for 12 months IMHO but that aint going to happen....lets hope that as the shareprice rises some of that so called professional placement dosent slowly drain out but i guess some of it will based on law of averages
cheers MMM