From 10K - Subsequent Events
Events subsequent to April 30, 2012 have been evaluated through July 24, 2012, the date these statements were available to be issued, to determine whether they should be disclosed to keep the financial statements from being misleading.
On May 18, 2012, in a stock purchase agreement, Ryan Beamin, the largest shareholder of 19,000,000 common shares representing voting rights of 31.53% of the Company, sold his shares to Mr. Peter Maddocks, for an aggregate purchase price of seventy thousand dollars $70,000.
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Following Mr. Maddox’s share purchase, the shareholders of the Company elected Mr. Maddocks to be the new Director of the Company, replacing Mr. Terry Fields and Mr. Peter Stecher, who each resigned as Directors of the Company.
On May 22, 2012 the Company entered into a share purchase agreement with Arun Pudur representing all the Shareholders of Grimsby Investments Ltd., a British Virgin Islands company, whereby the Company agreed to purchase 100% of Grimsby Investments Limited and its subsidiaries Arx Springs Pte Limited a Singapore company , Arx Springs (Pty) Limited and Arx Pacific Resources (Pty) Limited two Australian Companies that own an Australian gold mining project known as the ARX Springs gold project, which shall be acquired by the Company. The purchase price is $4,298 billion dollars, payable by the issuance of 4.148 billion common shares and a ten year unconvertible promissory note of $75,000,000 and 75,000,000 in unconvertible preferred shares, with 5:1 voting rights. ARX Gold Project is comprised of gold mining claims and gold tailing dumps, mineral rights, permits and concessions at Coonambula, near Eidsvold in the State of Queensland, Australia. The project was the subject of a feasibility study Dated June 28, 2012.
On May 22, 2012 pursuant to the share purchase agreement, the shareholders of Grimsby Investments Ltd. as vendors in exchange for vending in the Arx Group of Companies and the ARX Springs Gold Project became the largest shareholders of the company with 4.128 billion common shares representing 98.56% of Daulton Capital Corp split between the Grimsby shareholders as follows:
Following the completion of the Grimsby Investments Limited transaction and the issuance of the 4,148,000,000 shares as consideration to the Grimsby shareholders as vendors the shareholding in the company was as follows:
Ivory Mint Holdings Limited a British Virgin Islands Company beneficially owned by Arun Pudur received 1,825,120,000 common shares representing 41.35 % of the total issued share capital.
Highpoint Financial Limited a British Virgin Islands Company beneficially owned by Arun Ramachandran received 497,760,000 common shares representing 11., 28 % of the total issued share capital.
Endex Pte Limited a Singapore company beneficially owned by Shane Aldred received 912,560,000 common shares representing 20.67 % of total issued share capital.
Tigersprey Pte Ltd holding received 912,560,000 common shares representing 20.67 % % of the total shares issued and outstanding.
Following the execution of the share purchase agreement, the shareholders elected Mr. Arun Pudur, as President and Mr. Arun Ramachandran and Mr. Brian James Smith as directors to join Mr. Peter Maddocks on the Board of the company.
On May 22, 2012, the Company terminated the purchase agreement previously entered into with Pacific Connection Limited (“South Pacific”) and Alexander Mining Limited in April 2011 for an 80% working interest in a mining claim in Papua, New Guinea. The parties retained any consideration delivered.
On June 4, 2012 the Company gave public notice that its new corporate headquarters are located in the Seagram building, 375 Park Avenue, Suite 2607, New York, New York. Global headquarters are at 165, Level 36, Menara Citibank, Japan Am pang, Kuala Lumpur, 50450 Malaysia.
On July 16 th , 2012, Peter Maddocks resigned his position as a Director of the Company.
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Aran Pudur owns 41% of DUCP outstanding!!! This is MAJOR!!!!
AI
