matrix - your call, page-9

Truesouth apologies for not spelling it out fully ...

1. The purchase price of white range was $5 million

2. QMN paid matrix $2.5 million cash upfront (this was paid before 5 July 2010)

3. qmn issued 25 million shares on or around 5 July 2010 to matrix to make up the balance of the $5 million purchase price.

Hope this helps.