"Canmex has acquired an 80% participating interest in the...

"Canmex has acquired an 80% participating interest in the licenses and operatorship of the Nogal and Dharoor projects, in consideration for a financial commitment, over a six year period, of approximately US$50 million in exploration expenditures and the payment to Range of an additional US$3.5 million upon commencement of commercial production" The fact that they are raising CAD 20m= approx USD 17m or 1/3 of what is required "over a six year period" leaves little room for doubt the US$50m can & will be raised.It in fact raises the questions in my mind 'Why so much now?Could they be planning early drilling?' Regardless of whether they are or not everything seems to be falling into place nicely.Exciting times I think.