AIM Schedule 1 - Red Leopard Holdings plc (4542N)
September 06 2013 - 10:45AM
UK Regulatory
TIDMRLH
RNS Number : 4542N
AIM
06 September 2013
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION
IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM
RULES")
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COMPANY NAME:
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Red Leopard Holdings Plc (the "Company")
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY
TRADING ADDRESS (INCLUDING POSTCODES) :
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233-237 Old Marylebone Road
London
NW1 5QT
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COUNTRY OF INCORPORATION:
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England & Wales
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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED
BY AIM RULE 26:
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www.redleopardholdings.com
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COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR,
IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING
POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE
TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:
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On 23 July 2013 the Company adopted an investing policy focussing
on the natural resources sector (both exploration and production),
with a particular emphasis on precious mining assets and interests.
In line with its new investing policy, the Company is proposing
to acquire Red Leopard Mining Inc ("RLM"). RLM was established
in 2013 as a special purpose vehicle into which 205 unencumbered
claims (the "Claims") were transferred by Polaris Resources
Inc, a wholly owned subsidiary of Quest Minerals Corporation
(the "Vendor").
The Claims are located in the vicinity of Shoshone County,
Idaho, USA, commonly referred to as "Silver Valley". This area
is well known as the premier silver district in North America,
with total production to date of around 1.2 billion ounces.
Most of the Claims lie within the Panhandle National Forest
and upon Bureau of Land Management land.
The Claims cover a total land area of approximately 1,435 hectares
the equivalent to 3,546 acres. The Coeur d'Alene mining district
is approximately 77,700 hectares or 192,000 acres and has produced
approximately 38 billion grams of silver and substantial lead,
zinc, copper and gold. A full list of the Claims can be found
in the CPR included in the Admission Document.
The Claims are situated adjacent to two former major producing
mines, the Hercules and the Interstate Mines, each now owned
by Hecla Mining Company Inc. ("Hecla"), one of the largest
silver producers in the US. The Hercules mine discovered in
the early 1900's became a primary mine for Day Mines Inc. ("Day
Mines"). Day Mines was merged into Hecla Mining Company in
1981. The Interstate Mine was the initial primary mine for
Callahan Mining Corporation. Callahan Mining was acquired by
Coeur d'Alene Mines in 1991.
The Company proposes to use funds raised on Admission to carry
out near term exploration with the intention that this would
lead to the establishment of a small scale mining operation
to provide cash flow and grade and metallurgical information,
together with a systematic exploration program.
Admission is being sought as a result of a reverse take-over
under rule 14 and is subject to shareholder approval at a general
meeting to be held on 24 September 2013.
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DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS
AS TO TRANSFER OF THE SECURITIES (i.e. where known, number
and type of shares, nominal value and issue price to which
it seeks admission and the number and type to be held as treasury
shares):
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224,954,062 ordinary shares of 0.1p
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CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED
MARKET CAPITALISATION ON ADMISSION:
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GBP350,000 to be raised at an issue price of 0.5p per ordinary
share
Market Capitalisation at the placing price: GBP1.13m
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
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42.74
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DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH
THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES
(INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:
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N/A
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FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS
(underlining the first name by which each is known or including
any other name by which each is known):
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John Joseph May - Chairman
Simon Harvey Michaels - Non Executive Director
Proposed Directors
Stuart James Adam - Finance Director
Howard Mattes Crosby - Non Executive Director
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FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED
AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER
ADMISSION (underlining the first name by which each is known
or including any other name by which each is known):
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Before Admission After Admission
John Joseph May 19.06% 11.91%
S2 Solutions Limited* 9.23% 7.87%
Stuart James Adam 3.89% 3.38%
Quest Minerals Corporation** Nil 14.82%
Geoffrey Dart 6.09% 2.5%
Clive Russell 4.83% 1.99%
Noram Capital Holdings Limited 3.44% 1.41%
Lynchwood Nominees Limited 3.28% 1.35%
Beaufort Securities Limited Nil 11.11%
Alexander David Securities Limited Nil 8.9%
SVS Securities Limited Nil 3.55%
*S2 Solutions Limited is 70% owned by Simon Michaels, a
director
of the Company.
**Quest Minerals Corporation is 50% owned by Howard
Crosby,
a proposed director of the Company.
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NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE
2, PARAGRAPH (H) OF THE AIM RULES:
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N/A
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(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION
DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:
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(i) 31 December
(ii) 31 December 2012
(iii) 30 September 2013, 30 June 2014, 30 September 2014
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EXPECTED ADMISSION DATE:
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25 September 2013
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NAME AND ADDRESS OF NOMINATED ADVISER:
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Northland Capital Partners Limited
60 Gresham Street
London
EC2V 7BB
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NAME AND ADDRESS OF BROKER:
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Northland Capital Partners Limited
60 Gresham Street
London
EC2V 7BB
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OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE
(POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE
AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL
DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
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The admission document, which contains full details about the
applicant and the admission of its securities, is available
to download from the Company's website, www.redleopardholdings.com.
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DATE OF NOTIFICATION:
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6 September 2013
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NEW/ UPDATE:
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NEW
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This information is provided by RNS
The company news service from the London Stock Exchange
END
PAALFMITMBIMBJJ
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