NEW YORK and MUMBAI, India, June 19, 2012 /PRNewswire/ -- Daulton Capital Corp. (OTCBB: DUCP), (to be renamed Celframe ARX Resources Corp) a gold and precious metals exploration company, is pleased to announce that it has entered into an exclusive agreement with Khandwala Securities Limited (BSE: 531892 / NSE: KHANDSEEQ) a Mumbai, India based Merchant banker and Financial stock broker which is a member of the BSE & NSE Capital Markets in India. The Agreement is for USD $50 Million to finance the production costs of its ARX Springs Gold Project in Australia.
The financing is anticipated to be completed within 90 days and is determined to be sufficient to fund its first phase of gold production costs and all future expansions will be funded by internal cash flows.
Arun Pudur, President of Daulton Capital Corp. commented, "We considered several investment banks in New York, London and Australia but we selected Khandwala Securities Limited because of their excellent reputation established over 70 years in the Industry and their senior investment bankers having vast experience in funding in natural resources projects, especially in Australia and have also successfully funded a ASX listed gold mining company in the same region." He added, "Khandwala Securities have helped several large listed / unlisted blue chip companies; Government linked companies and have advised many large deals in their stellar seven decades of existence. They have an excellent client base of sovereign funds, high net worth investors and investment banks suitable to participate in a gold mining venture such as the Arx Springs project. Indians are the largest holders of gold and their investors are increasingly seeking to invest in a gold mining listed company abroad, making this opportunity to invest in the ARX Springs Gold Project highly attractive."
Paresh Khandwala, Managing Director of Khandwala Securities Limited, said, "We are really privileged to have been chosen for Celframe ARX Resources Corp's fund raising process. Mr. Arun Pudur's choice of Khandwala shows Khandwala's strong commitment to its clients and also to deliver value to both our share-holders and also share-holders of Celframe ARX Resources. We have already seen very good traction for this project among the investor community and we expect to complete the funding process ahead of time." Arun Ramachandran, Director of Daulton Capital Corp. said, "Khandwala Securities Limited is known for the long history of commitment to its clients and it is evident with their long list of blue chip clients both in India, Australia and other countries. We hope that this engagement with the BSE and NSE listed Khandwala will be a very successful one for both companies."
About Daulton Capital Corporation:
DAULTON CAPITAL CORP. (OTCBB: DUCP) is a natural resource company focused on precious metals. The New Management's corporate philosophy is to be a Share Holder Value creator, with the objective of exploring, acquiring and operating Gold projects in Australia and other countries to generate real value beginning with ARX Springs Gold Project in Queensland, Australia.
Daulton Capital has formed an experienced management team with the ability to take advantage of the tremendous opportunities that are available in the natural resource sector today. Our focus will be to explore, acquire and develop gold resource projects, and continue to invest in expansion of exploration activities and seek opportunistic special situations that can add to our portfolio of assets within the resource sector.
About Khandwala Securities Limited
Khandwala Group, with its existence in the Indian Financial Market since 1934 & Khandwala Securities Limited (BSE: 531892 / NSE: KHANDSEEQ) having commenced operations in Feb 1993. Khandwala Securities is specialized into Institutional Dealing and Investment Banking with an exemplary track record of cutting-edge research, service innovation, transaction execution and solution structuring. Khandwala Securities and its group companies are members of NSE, BSE, NCDEX, NSE - Forex and is also registered with SEBI to provide Portfolio Management Services (PMS) to its clients which provide integrated advisory and financial services to medium sized enterprises and is known for its innovative initiatives to cater to several leading institutional investors, mutual funds, banks, corporates and high net worth individuals both at domestic and global level.
Please visit www.kslindia.com for more information.
ARX Gold Project:
The ARX Springs Gold property is located at Coonambula near Eidsvold in Queensland, Australia, and has gold resources estimated at between 16,000,000 to 18,000,000 (Sixteen to Eighteen Million) ounces of gold and estimated to generated a cash flow of $22 billion over the planned 20 year life of the mine based on current gold prices. Queensland, Australia is well known to be a prolific gold producing State since the 1867 Australian gold rush, several major gold producing companies including BHP, Glencore Xstrata, Rio Tinto, Barrick Gold and Anglo American have been active in the State of Queensland and the area where the ARX Springs gold project is located has an extensive history of gold finds going back to early 1888 in the nearby St Johns Creek gold fields.
Arun Pudur is the founder of Celframe, a Multi-Billion Dollar Global technology company with offices in US, India & Malaysia. Renowned Business Man Mr. Arun Pudur is the CEO of Celframe Technology Group of Companies since March 2001 he is a widely accomplished and established entrepreneur and investor in the precious minerals and mining industry in Australia, South Africa and other parts of the world. He is a graduate of the University of Bangalore majoring in Business Management.
Please visit www.daultoncapital.com for more information.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information, please contact
Khandwala Securities Limited
(BSE: 531892 / NSE: KHANDSEEQ)
Mr. Paresh Khandwala, M.D.
Ph: +91 22 40767373
E mail: email@example.com
Daulton Capital Corp.
Web: www.daultoncapital.com / www.celframe.com
SOURCE Daulton Capital Corp.