This seems to me that it is an administrative document from TSX Venture that is require by their rules.

Further, this money don't go In Morgan County.

Proceeds received by December 31, 2007 from the flow-through portion of the Private Placements were used by Montello to incur qualifying expenditures, which will be renounced in favour of purchasers for the 2007 taxation year. Flow through proceeds in 2008 will be used by Montello to advance exploratory activities on joint venture properties, including Pincher Creek, Sarcee, Grouard, and Mulligan, while non flow through proceeds will be used in Morgan County, as well as to explore lands that Montello may acquire or farm-in to, besides for general working capital purposes.

http://www.globeinvestor.com/servlet/story/CCNM.20080103.434396_1/GIStory/

ecce