kingaroy flagship operation, page-8

Hi Stretchie,
Thank you for the reply.
Do you really think that CXY could go bankrupt?
What about the Yorkville Facility?

I have copied and pasted this info from their "funding
update on the 5/10/2010"

The Company raised a total of A$ 1,148,560 (before transaction costs) through the special advances. Cougar Energy continues to have access to an additional
A$9,900,000 in funding under the Yorkville Facility, subject to the Facilityfs terms and conditions.
...................................................

I also have found this information from this announcement.
Strategic UCG Alliance with Chinese Investment Group. 1/10/2010.

Limitedless International Holdings Pty Ltd (LIN) will take up a placement of Cougar Energy shares to the value of A$1,000,000 at a price of 3.5cents per share, the proceeds will be received by the end of October 2010.

Also this from the same announcement:
Couger Energy's managing Director Dr Len Walker will be traveling to Western China later this month (October 2010)
to join Shanghai Limitedless investment group co. to assess a series of sites for potential UCG projects.