The above refers.
I hope this email finds you well.
A company has been registered with the name African Precious Metals, the next step will be to increase the authorised share capital of this company to be 10 million shares. It is our intention to issue each of you with shares to the value of what was owed to you.
The Company will seek to be listed on the stock exchange once a target value of ten billion rand has been reached, this is expected to take approximately 24 months. Once the company has been listed you will be able to sell your shares and recover your money or hold on to them as they increase in value, as it is our intention and expected for the value to exceed this threshold substantially over time.
We are in the process of preparing documentation for submission to obtain a gold refining licence which is expected to be lodged in the next 90 days and thereafter once the licence has been obtained we will set up a gold refinery. It is important to refine in order to maximise profitability and also to afford shareholders the opportunity (those that choose to) to utilize this gold in the creation of smaller precious metal companies. The shareholders will be given the opportunity to buy the gold on a first option basis. The remainder will be sold on the open market.
Unfortunately sometimes processes are slower that we would want them to be due to the procedures we have to follow and some setbacks which have slowed us down, we will make arrangements in the coming months for signatures to take place and for your shares in the company to be transferred to you.
You will be notified of the venue once the date is set. A gathering will then be held for signatures as soon as possible thereafter. We would like to have all contracts signed by the end of 2023 and quarterly reporting to start 3 month thereafter.
I would also like to mention that I have taken note of the movement and certain committees which were formed and the fact that these are great initiatives and pursue a common cause that is positive in nature and lead to good outcomes.
We would like to thank those many thousands whom have remained loyal and those who previously signed intention to transfers, we want to remind you that everyone is invited to participate and we wish you all the best going forward.
