PSC – Prospect Resources | Aussie Stock Forums

The securities of Prospect Resources will be reinstated to official quotation at the commencement of trading on Thursday 19 July 2012, following effectuation of the deed of company arrangement and completion of a capital raising.

The capital structure of the Company is as follows
Total Shares on Issue: 372,593,287
Total Options on issue: 72,559,000

Exploration assets
The Company’s exploration assets comprise: a 100% interest in one exploration licence, an 80% interest in a further 3 exploration licences and 5 Mining Access Agreements to 6 Queen Victoria Crown Grants as well as two mining applications pending.
The Company’s most developed asset and lead prospect is the historical Mary Springs Mine (100% owned by the Company, tenement E66/56). As announced to the market on 25 October 2010, the Mary Springs project hosts a JORC compliant Indicated and Inferred Mineral Resource of 394,419 tonnes @ 6.5% Pb for approximately 25,637 tonnes of contained lead metal. The resource is open in all directions.

Future Exploration Activities of the Company
The Company intends to continue minerals exploration over its existing fully and partly owned Exploration Licenses and those licenses the subject of mining access agreements (Northampton Project). This contiguous project area of approximately 900km² is surrounding the town of Northampton, Western Australia. All the licences are accessible via a network of public and private roads. Historical reports and production figures indicate over 100 historical base metal workings within the Northampton mineral field.

Other opportunities
The Company intends to maintain an active program of identifying additional mineral projects that are in line with the Company’s strategy and that complement the existing tenement portfolio of the Company.

WARNER HUGH + DIANNE CBM S/F A/C 32,300,000 8.67%
2 ELLIOT HLDGS PL CBM FAM A/C 27,000,000 7.25%
3 HOLLOWAY COVE PL HOLLOWAY COVE S/F 23,900,000 6.41%
4 UNITED EQUITY PTNRS PL POLYCORP FAM A/C 21,000,000 5.64%
5 LEILANI INV PL RICE FAM INV A/C 15,000,000 4.03%
6 AUVEX MANGANESE LTD 10,773,037 2.89%
7 TALLTREE HLDGS PL NERD FAM S/F A/C 10,000,000 2.68%
8 TALLTREE HLDGS PL D STEINEPREIS FAM 9,000,000 2.42%
9 POLFAM PL POLLAK S/F A/C 8,333,333 2.24%
10 STEINEPREIS LINDA LOUISE 5,000,000 1.34%
11 COWARD CARL PHILIP M 5,000,000 1.34%
12 WALL STREET NOM PL A T BRENNAN S/F A/ 5,000,000 1.34%
13 N & J MITCHELL HLDGS PL ORD STREET PROPS A 5,000,000 1.34%
14 PAVLOVICH DANNY ALLEN PAVLOVICH FAM A/C 5,000,000 1.34%
15 SAMLISA NOM PL 5,000,000 1.34%
16 PAGANIN DAVID ARTHUR DA PAGANIN FAM NO2 5,000,000 1.34%
17 STEINEPREIS ROGER RC STEINEPREIS FT 5,000,000 1.34%
18 SYNCOPATED PL 5,000,000 1.34%
19 CHRISTIAN ROGER 5,000,000 1.34%
20 PAGINAN DAVID DA PAGANIN FAM NO2 5,000,000 1.34%

David and Linda Steinepreis show up in the register of so many restructured companies I look at. Obviously he, and Gary are involved with Ascent Capital.
http://www.ascentcapital.com.au/people.htm

I’m just amazed at how many pies they have their fingers in. There are other names in that list, that are synonymous with the Steinepreis name too.

Some directorship information on David. This doesn’t include his London based roles.
http://www.zoominfo.com/#!search/profile/person?personId=2134780&targetid=profile
http://www.zoominfo.com/#!search/profile/person?personId=972260148&targetid=profile
http://www.zoominfo.com/#!search/profile/person?personId=1225323839&targetid=profile
http://www.zoominfo.com/#!search/profile/person?personId=1218791936&targetid=profile
http://www.zoominfo.com/#!search/profile/person?personId=1640404717&targetid=profile

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