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.
