Is this the old debt that has been sitting on the books forever?

I found this on the June 29 NR - Copper Fox Web Site. Looks to be $100K more than todays NR.

Liquidity and Capital Resources:

The Company's working capital, defined as current assets less current liabilities, was $3,355,887 at April 30, 2011. The Company has sufficient funds available to meet its current obligations.

During the six months ended April 30, 2011, the Company completed private placements for total proceeds of $7,755,000, 1,435,000 options were exercised for total proceeds of $675,750, 1,548,665 warrants were exercised for total proceeds of $2,286,499 and a Director loaned $1,500,000 to the Company

http://www.copperfoxmetals.com/s/NewsReleases.asp?ReportID=464900&_Type=News-Releases&_Title=Copper-Fox-Advances-Feasibility-Study-and-Reports-2011-Second-Quarter-Finan...