$5.4 million cash pending Till has learned from IGC that all conditions precedent to complete the Transaction, as defined in the Share Purchase Agreement1 , have been fulfilled, and the US $200 million completion consideration has been paid into escrow. The final step towards closing the Transaction is notification by the Russian authorities that ownership of the Russian subsidiary holding the Malmyzh licenses has been transferred to RCC. IGC has indicated that this last step should occur within the next five to ten days. The estimated value of the Transaction to Till’s interest in IGC, net of financial arrangements, is approximately US $5.4 million. Scotiabank Europe plc (“Scotiabank”), the U.K. subsidiary of The Bank of Nova Scotia, is an advisor to IGC regarding the Transaction.