your new partner, page-17

Interesting Annual bigmac.

Here's the last "cornerstone"

Annual
The Company has completed an initial placement to Socius of 234,962,406 new shares at an issue price of A$0.043 per share to raise US$10 million (before issue costs). The placement was completed at a...... premium of 12% to the closing price on 30 June 2011. In addition the Company has issued Socius with 117,481,203 unlisted 5 year warrant options at an issue price of A$0.044 representing a 15% premium to the closing price on 30 June 2011. A subsequent tranche will be completed with Socius at a price that will be determined at premium to the market share price at the time of draw down.

AGM
On 1 July 2011 the Company entered into an agreement (Placement Agreement) with Socius CG II. Ltd (Socius), pursuant to which Socius agreed to subscribe for up to $20,000,000 of Shares (Placement). For every 2 Shares issued under the Placement Agreement Socius will receive one.

4.4 cents for those Options referred to in Resolution 2 (being those issued pursuant to Tranche 1 of the Placement

What I did find interesting is that the Socius terms were clearly set for holders to see.
Resolution 3 was generic with Valley not named until near 3 weeks later.

The fine print will be interesting if ever seen.

VMR has already advanced A$2.0m of the Private Placement as a "secured interim loan," which will convert into shares upon shareholders approval at the General Meeting