Toledo - Cashflow from the world's 3rd largest Nickel Resource

Can someone explain the following (note 10 from interims):

"As per the Berong Venture Agreement dated 19 January 2005, the company has now been instructed to issue the remainder of 2,700,000 Ordinary shares at par (300,000 shares having previously been issued).

Under the Celestial Venture Agreement dated 19 January 2005, the company has now been instructed to issue the remainder of 1,300,000 Ordinary shares at par (200,000 shares having previously been issued)."

Is TMC issuing new shares or are the subsidiaries issuing new shares and TMC is contributing new capital into the subs?

Thanks in advance