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DetailsASSET NAME: Kenilworth
ASSET ISSUER: Kenilworth Exploration
SHARES TOTAL: 35,820,677
SHARES ISSUED: 4,869,105
PAYS DIVIDENDS: Yes
ISSUER MAY INCREASE SHARES: Yes without vote
ISSUER MAY MODIFY DESCRIPTION: Yes without vote
SummaryWe are offering a unique opportunity for Bitcoin holders to directly impact and participate in mineral exploration in Australia, utilizing the most advanced electromagnetic investigational techniques to identify mineral reserves underground. Your investment allows this to happen in a fast and efficient manner and you can follow as your asset value appreciates over a period of four months. At the end of each phase of the geological investigations, an independent international accredited company with expertise in evaluation of mineral exploration assets, will give another valuation of Kenilworth Exploration. Turn your Bitcoins into real mineral wealth in Australia by purchasing a share in our asset appreciation program within Kenilworth Exploration Ltd.
Our company has a strong and experienced Board, and a Joint Venture with a leading ASX listed Mineral Exploration team, at Thomson Resources Limited. We have a 100% interest in three exploration licenses (EL's) and a 50% interest in three other EL's belonging to our Joint venture partners. We have obtained an independent valuation of $19 million on our 3 Kenilworth EL's from the accredited international mineral evaluation company SRK Consultancy Limited.
DescriptionThe company Kenilworth Exploration Limited has NO Debt and has an independent valuation (
Attachment SRK) of its current mineral exploration assets. This gives a median valuation of US$19.1 million with a minimum valuation of US$ 3.5 million. Kenilworth Exploration is now placing an offer to raise $925,000 to fund the next phase of mineral exploration development,which will include a high powered electromagnetic (EM) scan of our exploration tenements to identify mineral deposits.
This funding round will see a sale of a 17% equity position of Kenilworth Exploration Limited in return for a funding of $925,000. Thus, the Bitcoin investment will enter the company at a market-cap of $ 5.4 million. Note the medium valuation of the asset is $ 19 million. However, the initial investors are able to enter this funding round at $ 5.4 million. Within four months of reaching the $925,000 mark, 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.
These funds 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, (
Attachment Survey). This EM survey will utilize the world’s most powerful helicopter suspended time-domain electromagnetic system. This system is the state of the art and premium survey technique developed to identify mineral deposits under the ground. The data generated, utilizing these funds, will clearly define our mineral reserves. This data will enhance our asset valuation. The use of proceeds are as set out in the offer document (
Attachment Offer) under the headings EM Surveys.
Once the mineral targets are identified then two additional rounds of funding will be sought to undertake a drilling program (
Attachment Share). The estimated drilling costs will be in the order of $1.85 million. The second round of fundings for $925,000 will see the issuing of 4,022,304 shares and the 3rd round for $925,000 will see the issuing of 3,190,104 shares from the total of 35,820,677 shares.
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.
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 Dividends.
• Any increase in shares would result in a proportional dilution of all shareholders at the time of such increase.
Expected ReturnAll figures are taken from the anticipated completion of the IPO.
- The Electromagnetics will give a visualization of the size, angle, and shape of the mineralization. Drilling will give the levels of mineralization in parts per million. Once completed, a company like SRK can evaluate the quantity of a mineral reserve(s) that Kenilworth will own, Interest from the major mining companies (introductions have been initiated) will then acquire a majority equity holding. This will produce a large dividend scenario for all investors.
- We will also ensure that all shareholders will retain an interest by way of a royalty from future mineral extractions from any of our ELs by any future owners (to be negotiated).
- In the shorter term, prior to defining the quantity of actual mineral reserves that Kenilworth will own, a return to each investor will be by an increase in equity (share) value resultant from the electromagnetic survey of our exploration licenses, which will be evaluated and published during the first four months and also after that by the publication of our drilling results every three months.
- Also, shareholders may generate a return on their investment by selling their shares on a Bitcoin share trading platform as the assett value of Kenilworth appreciates following mineral exploration activity.
- The following calculations are based on an investment of 10 bitcoins (
BTC). And should be considered an outline of "estimated return." The numbers in the following two tables are based upon a bitcoin value of $
119.70.
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Table A
- Table A shows the ROI (return on investment) only based upon the offer document and shows no contribution to ROI from the expenditure of the funds raised upon the asset value of Kenilworth Exploration. Thus with an investment of ten (10)
BTC, they will be worth and equivalent of 15
BTC after the third round of funding.
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Table B
- Table B shows the values in Table A, however, an additional section is added to show the increase in asset value expected by management from the expenditure of the specific funds raised in each of the 3 rounds of funds.
- Thus, with a 10
BTC investment, management would expect to
conservatively see these increase to an equivalent of 22
BTC. Following the expenditure of the funds from round one and the asset appreciation from the EM surveys undertaken. This value will increase to an equivalent value of 39
BTC after the expenditure of the 2nd round of funding and the results of the drilling which will be undertaken are reported upon at that time. Again, with the expenditure of round three funding, the completion of the drilling and the contribution to our joint venture partners, the initial ten bitcoins would be expected to be worth in the region of an equivalent 69
BTC.
LinksWebsite:
www.kenilworthexploration.comVideo Link:
http://tinyurl.com/cfr4jtlSRK Valuation:
https://www.box.com/srk Survey 2013:
https://www.box.com/ke-survey Share Structure:
https://www.box.com/ke-share Offer Document:
https://www.box.com/ke-offer