KENILWORTH EXPLORATION LTD. https://bitfunder.com/asset/Kenilworth ~ https://btct.co/security/KENILWORTH
| COMPANY |Kenilworth Exploration Limited (“Kenilworth”) is an active minerals explorer in the Lachlan Fold Belt of New South Wales (NSW), Australia. It is the Company’s intention to become a substantial gold and metals prospect holder in the region. The main three exploration licensed locations that are the subject of this capital raising include the Wilga Downs Tenement Project, the Byrock Tenement Project and the Yandilla Tenement Project.
The Company has secured three exploration licences (EL's) in the Byrock region, with preliminary findings on the sites yielding positive results. These tenements are the subject of a robust valuation supported by aerial and ground surveys. Geological experts have advised that precious and base metals are the most prospective in the geological nature of the tenements.
An independent geological valuation conducted by SRK Consultancy Ltd. found that the Kenilworth licences sit in prospective geological addresses similar to that of the world class Peak Gold Mine (owned and operated by NewGold ~Global intermediate gold producer listed on the NYSE [NGD: NYSE]), hosting shear/structural land formations that cultivate significant gold and copper mineralisation, as well as possible porphyry styles that are conducive towards gold-rich and copper-rich resource findings.
Kenilworth's EL's have a median valuation of US$ 19.1 million with a minimum valuation of US$ 3.5 million, and a maximum valuation of US$ 264 million.
With great prospects already assessed on each of the resource sites, a positive outcome delivered from exploration activities could multiply Kenilworth Exploration’s current market valuation and significantly increase its market capitalisation.
Kenilworth Exploration has entered into a joint venture and management agreement with Thomson Resources Limited (ASX : TMZ) and will benefit from greater economies of scale and work with some of the most talented geologists and engineers that Thomson Resources has to offer. The Company will also capitalise on its newly acquired 50% interest in three of Thomson Resources’ key exploration licences in our region.
As such, Kenilworth Exploration is seeking AU$ 2,775,390.00 in three rounds of funding in order to undertake the electromagnetic survey and drilling program as described in this information package, the expenditure of these funds will deliver significant value appreciation for shareholders.
The Kenilworth has NO Debt and has an independent valuation of its current mineral exploration assets.
Kenilworth Exploration Limited was created on the 27
th day of April 2006. On the 24
th day of October 2012 the Company was converted with the Australian Securities and Investments Commission to an unlisted public company.
| FUNDING |Kenilworth is now raising $ 925,000 to fund the next phase of mineral exploration and development,which will include a high powered electromagnetic (EM) scan of our exploration tenements to specifically identify mineral deposits.
This funding round will see a sale of a 17% equity position in Kenilworth Exploration Limited in return for an investment of $ 925,000.
The Bitcoin investment will enter the company at a market-cap of $ 5.4 million.
Note that the medium valuation of the asset is $ 19 million meaning that the initial investors are able to enter this funding round at $ 5.4 million.
Within four months of raising the $ 925,000, we will have completed the EM survey and received a renewed valuation from an international mineral asset accredited company such as SRK Consultancy Limited. This new valuation will encompass not only our three 100% owned EL’s, but also our three EL’s in that we hold a 50% interest which we share with Thomson Resources Limited. This valuation would be envisaged to return a valuation many times greater than the current $ 19 million.
The funds raised in the first round will be utilized in a period of four months to carry out an intensive and highly focused electromagnetic (EM) survey across our mineral exploration areas. This EM survey will utilize the world’s most powerful helicopter suspended time-domain electromagnetic system. The system is the state of the art and a premium survey technique developed to identify mineral deposits under the ground. The data generated utilizing these funds will clearly define Kenilworth's mineral reserves. This data will enhance our asset valuation.
Once the mineral targets are identified then two additional rounds of funding will be sought to undertake a drilling program. The estimated drilling costs will be in the order of $ 1.85 million. The second round of funding for $ 925,000 will see the issuing of 4,022,304 shares and the 3
rd round for $ 925,000 will see the issuing of 3,190,104 shares from the total of 35,820,677 shares currently outstanding in the company.
Once the EM survey is completed during the next four months, Kenilworth Exploration Limited will engage the services of an accredited international mineral evaluation company, who will re-evaluate our assets given that we will at that time have located and identified all mineral deposits in our exploration license areas. The Board is extremely confident that the data generated will increase our asset valuation by a substantial factor during the next six months.
Shares for the first round of funding of $ 925,000 will be sold at 0.0018 BTC each.
If the converted total funding has a short fall due to the price of bitcoin of the $ 925,000 goal, then additional shares will be sold until the goal is met.
| AGREEMENT |• Upon sale of assets, proceeds from sales will be distributed evenly among all shareholders, per an agreed and approved Dividend policy.
• Any future profits/earnings will be distributed by way of Dividend on a monthly basis.
• Any increase in shares would result in a proportional dilution of all shareholders at the time of such increase.
| INVESTMENT RETURN |Once the electromagnet valuations of all sites have been completed, Kenilworth will seek out a mining partner. A mining partner may purchase Kenilworth outright for a lump sum, or may exchange mineral rights for shares of the mining companies company. In the event of a rights for shares trade, Kenilworth shareholders would continue earning passthrough earnings from the mining company's shares held by Kenilworth as long as they are provided.
This means a long term payout, but also benefits from the mining companies other mines.
When the time comes and an offer is made, a vote will be posted with the details on the options presented to Kenilworth.
During any vote, all shares are counted equally. A majority vote will decide.
| DEFINITION OF THE MARKET |The Company, in common with other companies participating in the mineral exploration arena, is affected by general economic conditions, including the level of interest rates, employment rates and inflation. Changes in government, fiscal, monetary and regulatory policies may also affect the business of the Company.
The shares allotted under this fund raising, carry no guarantee in respect of profitability, dividends, return on capital, or value.
These funding rounds are intended to raise sufficient capital to fund the ongoing development and working capital needs of the Company during its next phases of operation.
The Company may need to raise additional funds (through a further capital raising or debt) at some future time after conclusion of the present funding rounds. Should such an unforeseen additional raising of funds be needed it will have the effect of diluting the interests of all shareholders of the Company equally.
The ability of the Company to effectively implement and expand its business plan over time may depend, in part, on its ability to raise additional funds. There can be no assurance that any equity or debt funding will be available to the Company, or be available on acceptable terms.
The Company is subject to various forms of taxation, including company tax and goods and services tax. An increase, change in the application or introduction of a new tax could materially affect the performance and financial position of the Company.
It is common for companies to be exposed to a number of legal risks. These could include, but are not limited to, litigation risk, professional liability claims, industrial action and legal compliance.
There can be no guarantee that the Company will achieve its stated objectives or that any forward-looking statements will eventuate; accordingly, an investment in the Company should be regarded as highly speculative.
This information does not purport to be a comprehensive statement of all risks; an investor should seek and obtain professional advice prior to deciding whether or not to invest in Kenilworth Exploration Limited.
| MARKETING STRATEGY |The present round of investment (first round) will see 75% of the funds raised utilized directly to undertake the most scientifically advanced detailed Electromagnet Surveys of all our tenements, and only 7% will be used on in-house salaries. Investors will see a ROI when we confirm our mineral deposit and we are acquired by one of the major mining operators, our timelines are focused and short, this is not a long term investment into salaries and overheads, it's an investment to confirm a mineral deposit that will be attractive to the majors.
| ORGANIZATION & MANAGEMENT |
Patrick Prendergast -
Chairman Since licensing his first medical molecule to a major pharmaceutical corporation in 1987, Patrick Prendergast has successfully combined scientific discovery with international business development and management. Born in Ireland in 1953, Patrick has academic qualifications in Microbiology and Biotechnology and has acted as Chief Scientific Officer of Hollis-Eden Pharmaceutical Inc., a NASDAQ listed Pharmaceutical Corporation, Ticker HEPH, from 1994 to 2000. Patrick was the inventor of all technologies held by HEPH, which at one time had a market capitalisation of over $ 500 million. Patrick’s relationship with Australia began in 2000 when he purchased a large farm, Kenilworth Station, in North West NSW, where he resides for some months each year.
Since 2000 he has focused his business management skills upon developing Canopus BioPharma Inc. (Ticker CBIA.pk), a US biotechnology research corporation into which he has licensed over twenty of his own patented technologies. Patrick is Chairman and CEO of Canopus BioPharma Inc., which carries out ongoing medical clinical research in the areas of Hepatitis C, Mucositis, Sarcopenia and cardiac stent design. Additionally, Patrick has established an extensive research relationship with the Faculty of Life and Social Sciences at the Swinburne University of Technology, Victoria, Australia, since 2006. This research has seen the development of novel antibiotics and a successful clinical study of an anxiolytic agent, patented by Patrick.
Patrick’s interest in mineralogy began in 1983 when he studied the anti-radiation properties of certain bauxite derivatives, a technology he licensed to a European government agency in 1985. Upon purchasing Kenilworth Station Patrick researched the previous mineral exploration activities in the area and undertook a private investment into reconnaissance and grab sampling. Twenty-four RAB drills and one diamond drill to a depth of 600m were drilled during this research phase, and this work confirmed the existence of potential mineral deposits in the region. Kenilworth Exploration Limited was formed in 2006, and it applied for exploration licences over available tenements in the local area.
Patrick has been the driving force behind the formation of the joint venture with Thomson Resources Limited (ASX: TMZ) and their appointment as Exploration Managers, and consequently Kenilworth Exploration Limited is now poised to commence the identification, location and extent potential mineral deposits within the exploration licensees held the company.
Patrick enjoys the excitement of discovery and the challenges of using the latest technology to unlock the mineral potential of the Kenilworth tenements. He looks forward to leading the Kenilworth Exploration team to success.
Leo Prendergast -
SecretaryBorn in 1954 in Ireland, Leo Prendergast acts as Chief Operations Officer of Canopus BioPharma Inc., a US biotechnology research and development corporation (CBIA.pk). He graduated from Trinity College in Dublin (1978) with a Masters in Mathematics and Computer Science, and qualified with a Degree of Civil Engineering.
During his college years he formed an engineering manufacturing business and focused upon tendering and supplying components to the telecommunication industry in Ireland and the UK. Upon graduating, he lectured in Soil Mechanics and Civil Construction at the Bolton Street College of Technology, Dublin, and at the Dundalk Institute of Technology.
His engineering and mathematical foundations provide him with the tools to manage and coordinate project development strategies, incorporating legal agreement, financing and personnel.
When his brother Patrick successfully licensed technology in 1987 to Élan Corporation, Leo joined forces with him and became the business manager for the fledgling enterprise. Leo has spent the past twenty-five years acting as Chief Operations Officer for the various biotechnology corporate entities formed by Patrick to develop his patented technologies. Leo enjoys the challenges of management and coordinating both finances and personnel, and acted as Business Development Officer of Hollis-Eden Pharmaceutical Inc. from 1994 to 1997. Since 2001 Leo has coordinated and managed all the geological work and drilling upon Kenilworth and its environs.
John Lee -
DirectorJohn was born in Sydney, New South Wales, Australia, 1949. At an early age he took a strong interest in geology and natural sciences, and subsequently majored in Geology at the University of NSW in 1971. During the early 1970s he was engaged by Cundill Meyers & Associates, a leading mineral and petroleum consulting group, and worked on various mineral exploration projects within Australia, the Territory of Papua New Guinea, and Indonesia, focusing on copper and gold mineralisation.
In 1974 he joined the mineral exploration team of Elf Aquitaine (now Total Group) and worked for many years on a variety of projects throughout Australia, focusing mainly on sedimentary hosted lead-zinc and copper deposits. He was appointed the South Australian Manager of Exploration in 1975, and in 1980 became responsible for the company’s Australia-wide exploration for sedimentary-hosted deposits, including management of the Bonaparte Basin lead and zinc resources.
In 1982 John joined the petroleum division of Elf Aquitaine and was closely involved in the discovery of oil and gas resources in the offshore Bonaparte Basin and Timor Sea. In 1987 he joined a newly established company, Kingston Petroleum Limited, and as Managing Director he brought together a number of oil & gas projects in Queensland and the USA. Hydroilex Pty Ltd was established in the same year, providing consulting geological and geophysical services to the mining, petroleum and groundwater industries for some 25 years. Significant exploration experience was also attained in the Kenilworth region. In 2003 John formed Hot Rock Energy Pty Ltd, focusing on evaluating deep geothermal systems in the Sydney Basin. In 2000 he initiated PhD studies in the Sydney Basin, focusing on the structure and stratigraphy of the Hawkesbury Sandstone. Other business interests include property development and coal resources. John has been appointed CEO of Kenilworth Exploration Limited and foresees an exciting exploration program in the areas held by both Kenilworth and Thomson Resources. John will be responsible for the management and oversight of the joint venture with Thomson Resources.
Peter O’Neill -
Member - Australian Institute of Company DirectorsPeter O’Neill has been in senior management for more than 35 years with organisations in Australia and overseas. He has significant commercial experience in management of companies at senior levels in manufacturing, fabrication, high-tech, environmental and financial services. Peter was previously
Managing Director of TechStar Ltd (a public company listed on the ASX that specialised in funding & commercialising new technologies) and has been Managing Director of five other companies. He has been appointed Chairman of the Board with four companies and has been a Director on sixteen company boards throughout his business career. He is currently Chairman of two companies and Director of three public companies. Peter brings extensive management and directorship experience to the Kenilworth Board.
Edward Prendergast -
DirectorEdward has over 30 years experience in civil infrastructure and environmental works relating to mining and oil explorations. He obtained his M.Sc. in metallurgy from Trinity College Dublin and also qualified with a degree in Engineering Science. Edward also has a M.A. in mathematics. He has operated as a consulting engineer in Ireland, Papua New Guineas, Somalia, Ethiopia and Australia and has worked with BHPB (MinEx), Sasol, Africa Oil, Africa Minerals and other entities. He has extensive on-site management experience and specialises in the area of environmental impacts of exploration works. Edward has already worked as an independent consultant with Kenilworth Explorations on its initial explorations in Australia.
David Bending -
DirectorDavid Bending has 25 years of exploration, mining and corporate development experience with major mining companies including 14 years with Homestake Mining Company where he served as Exploration Manager in Latin America. He has also held various top executive and senior positions in other exploration and mining companies. He is fully conversant in Portuguese, Spanish and French in addition to English and is familiar with mining law, mining development trends and business practices throughout the Americas.
He is a Professional Geologist certified by the Association of Professional Engineers and Geoscientists of the Province of British Columbia. John is an honours B.Sc. Geology graduate from University of Oregon and also completed his M. Sc. at University of Toronto in Mineral Deposits Geology, Geochemistry and Geophysics.
| LINKS |Website:
http://www.kenilworthexploration.comBitFunder:
https://bitfunder.com/asset/KenilworthBTCT.co:
https://btct.co/security/KENILWORTHBitcoinTalk Forum:
https://bitcointalk.org/index.php?topic=222746.0SRK Valuation:
http://www.kenilworthexploration.com/#!ke-srk/c1oke
Share Structure:
http://www.kenilworthexploration.com/#!ke-share/cejk
Kenilworth Document:
http://www.kenilworthexploration.com/#!ke-doc/c1skg
Kenilworth Expenditure:
http://www.kenilworthexploration.com/#!ke-exp/c1maf
( Forum [ url ] tags broke, I cannot even edit to remove them. Please copy and paste links )
| CONTACT DETAILS |After having read this Publication, if you then wish to arrange to meet with a Director or the Chief Executive Officer of Kenilworth Exploration Limited, then you should contact:
