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