I wasn't there, but I did not have the impression that the detail of how much would be secured was discussed. As I look at this, there is $16.5 million to retire existing debt, which amounts to a 18-month extension (at a price of course), $1.6 million for share buy-back and the balance for further production and development as needed/desired. This represents about $15.5 million of new debt.

It seems to resolve two main financing issues:

• Approaching horizon on existing debt;
• Provision of funds to get us into full production.