Cardinal Resources Inc fka CDNL

[tjguy]

OK, sorry, maybe I misunderstood the news release, but here is how I understood it:

CAMWATER
: We will begin the first phase of work on the CAMWATER contract starting the week of June 15th
. This work, which supplements the existing contract, is needed to meet new Cameroonian requirements for debt funded projects and will speed up the deployment of systems in Cameroon. It is a crucial first step in finally moving to full scale implementation that will also involve MINEE, the Ministry of Water Resources and Energy in completing the work. This is contracted work that will commence at the same time or prior to receipt of the total project financing that is still under review with the Export Credit Agencies (US and China), MINEPAT, and the commercial banks.

So maybe I'm wrong, but it says it supplements the existing contract so I took it to mean that it is outside of the existing contract. It is related to it and seems necessary for the existing contract to come to fruition, but it supplements it.