As has been already noted: @ 11am AEST today: 25m TZN fpo @...

As has been already noted:
@ 11am AEST today:

25m TZN fpo @ 5.1c: $1.275m
MXR Market cap: $2.68m !

But also as released by TZN yesterday:

ASX Announcement
29 July 2014
Debt Funding Increase
Terramin Australia Limited (ASX: TZN) announces that its subsidiary, Terramin Exploration Pty Ltd has agreed to increase the debt facility provided by Terramin’s major shareholder, the Asipac Group from $1.8 million to $2.8 million (Facility). The additional $1 million loan will be used to progress the Bird-in-Hand project and as working capital.....................

As previously noted:

For MXR:
Second stage: $1m contingent on approval of PEPR. (which according to TZN is pending).
Third stage: $1m on commencement of bullion production.


MXR will also receive a 0.5% royalty payable on bullion production in excess of 50,000 ozs.