What does this mean! so confusing? and more!?

Magindustries Corp. announced that the Company has entered into a letter of intent with TSC Capital Ltd. (TSC) in respect of a proposed investment by TSC in MagIndustries. Pursuant to the letter of intent, the Company has agreed to permit TSC to conduct due diligence in respect of MagIndustries until March 1, 2011.... show more Magindustries Corp. announced that the Company has entered into a letter of intent with TSC Capital Ltd. (TSC) in respect of a proposed investment by TSC in MagIndustries. Pursuant to the letter of intent, the Company has agreed to permit TSC to conduct due diligence in respect of MagIndustries until March 1, 2011. Following completion of this due diligence period and provided that TSC is satisfied, in its sole discretion, with the results of such due diligence, TSC and the Company expect to enter into a subscription agreement pursuant to which TSC (or its nominee) will, subject to receipt of customary regulatory and other approval, agree to purchase, on an exempt private placement basis, 222.4 million units (Units) issued by the Company at a price of CAD0.335 per Unit (Offering). The completion of the Offering will be subject to receipt of all necessary regulatory approvals and the approval of the Company's shareholders to be obtained at a special meeting of the shareholders which the Company anticipates calling in the first quarter of 2011.

I'm new to investing as i'm sure you can tell, and the current stock price is at 0.25, if this approval is accepted and all goes as planned will it drive the price up to at least TSC will purchase it at 0.335? So this would be a good investment (well as good as speculative investing can be..)?
thanks!
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