To date the company has closed on $405,000 of the previously announced $600,000 financing. With the funds raised to date, Iskander has purchased an additional 40% working interest in our Georgian Satskhenisi permit, paid the first 6 months of the annual permit fees for our 2 permits in Bulgaria and is in the process of paying the Exploration Permit 5 year extension fee for one of our permits in Ukraine and have brought current certain expenses that were owing for operating costs in Georgia and general and administrative items.
