On March 28th, hgs225 posted the news of the proposed merger with Logan. At that time the agreement stated the following -

Under the terms of the Agreement, Logan can earn a 51% interest in the Property by doing the following:

i.   Incurring a total of $5,000,000 in exploration, permitting and
     development expenditures ("Exploration Expenditures") on the Property
     as follows: 
     a.  $1,500,000 in Exploration Expenditures on or before 12 months from
         the Closing Date; and 
     b.  $3,500,000 in Exploration Expenditures on or before 36 months from
         the Closing Date,
ii.  Making a cash payment of $250,000 to Premium on the Closing Date. 
iii. Providing a secured bridge loan in the amount of $250,000 to Premium
     (the "Bridge Loan") on the Closing Date. The Bridge Loan shall be for 
     a term of twenty-four (24) months (the "Maturity Date") and shall bear
     interest at a rate of 5% per annum, calculated and payable on the
     Maturity Date. Logan shall have the option, exercisable at any point
     up to and including the Maturity Date, to apply the principal and 
     accrued interest amount of the Bridge Loan as credit to the 
     Exploration Expenditures (discussed below) and have such expenditure
     commitment reduced by a corresponding amount

Has the deal closed?Have we gotten any money?  There is nothing on the website.
- panamax