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ASCOT MINING PLC - Ascot Acquires Shares in Daulton Capital

Date : 11/06/2012 @ 7:32PM
Source : PR Newswire (US)

ASCOT MINING PLC - Ascot Acquires Shares in Daulton Capital

ASCOT MINING PLC - Ascot Acquires Shares in Daulton Capital

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.

If you wish to subscribe for regular Shareholder letters and updates, please send an email to: info@ascotmining.com

For further information on this announcement please contact:

Ascot Mining Plc. info@ascotmining.com

www.ascotmining.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

Copyright er 6 PR Newswire



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