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old man river

06/02/22 2:27 PM

#9832 RE: Ga-Pro #9830

Other than the issuance of shares, what third party funding has materialized to date for any project mentioned in an MOU? India was financed through share dilution. To my recollection, Morocco was not disclosed as who was providing the cash - not CLVN.

Previous financing firms have not delivered and cash reported on our financial statements.

So, when it comes to France, the future of this project comes down to the parties doing their best to present a project that can attract third party capital. It could be a year or so out to get a bankable prospectus circulated to potential funders. We should not get ahead of ourselves.