ASCOT MINING PLC
("Ascot" or the "Company")
ASCOT ACQUIRES SHARES IN DAULTON CAPITAL (NOW ARX GOLD CORP)
London, 6 November 2012, Ascot Mining Plc (PLUS Markets: ASMP, XETRA®: AM3.DE)
announces it has acquired from Musketeer Holdings Corp, 20 million shares in
Daulton Capital (Now ARX Gold), a Nevada Corporation (OTC-BB - DUCP) for
consideration of 20 million new shares of Ascot Mining Plc. The objective of
this exchange is to advance toward a strategic relationship between the two
companies whereby certain business opportunities will be shared and their
respective management and professional expertise will be enhanced.
Daulton Capital Corp. (Now ARX Gold Corp.) (OTC-BB: DUCP) is a natural
resource company focused on its current ARX Springs Gold Project in Queensland,
Australia. The ARX Springs Gold property is located at Coonambula near Eidsvold
in Queensland, Australia. It has significant gold resources and is estimated it
will generate a substantial cash flow over the projected life of the mine.
Queensland, Australia is well known to be a prolific gold producing State.
Several major gold producing companies including BHP, Glencore Xstrata, Rio
Tinto, Barrick Gold and Anglo American have all been active in the area where
the ARX Springs gold project is located. There is an extensive history of gold
finds going back to early 1888 in the nearby St Johns Creek gold fields.
As a result of the above transaction, Musketeer Holdings Corp now holds
20,000,000 shares in the Company, representing 20.1% of the total issued
ordinary share capital of the Company.
The Company now has 99,504,836 shares of 1p each in issue carrying voting
rights (ISIN: GB00B2QH7M99) and a total of 12,980,136 traded warrants
outstanding (ISIN: GB00B5222R97).
The Directors of the Issuer accept responsibility for this announcement.
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For further information on this announcement please contact:
Ascot Mining Plc. email@example.com
Daniel Stewart & Co Plc. www.danielstewart.co.uk
(Corporate Adviser & Broker)
Paul Shackleton (Corporate Finance) +44 (0)20 7776 6550
Colin Rowbury (Corporate Broking) +44 (0)20 7776 6550