On behalf of the Directors of Gold 50, I am pleased to present this Prospectus for the Company’s initial public offering of its Shares and invite you to apply to become a Shareholder.
Gold 50 was established for the primary purpose of acquiring, exploring
and developing gold exploration properties in the USA. The Company’s
objective is to create wealth for its Shareholders through commercial
exploration success. The key to our success will be to select highly
prospective tenure and to recruit and support a talented exploration team.
The founders of Gold 50 have utilised their deep business experience
in mineral exploration in Southwestern USA to assemble a portfolio of
projects (“Projects”) covering approximately 34 km2 of tenure in Arizona
and Nevada. These two states have long been jurisdictions favourable for
mineral exploration and mining. Arizona is the leading copper-producing
state and Nevada is the leading gold-producing state in the USA.
Gold 50’s flagship Golconda Project in Arizona covers numerous historical
mines and well-developed mineralised veins mediately southeast of the
large Mineral Park porphyry copper-molybdenum deposit. The Golconda
Mine was a zinc mine with high gold-silver grades that was ultimately
mined to a depth of approximately 400m prior to ceasing operations in
1917. The precious metals potential of the Golconda Project area has
never been systematically tested and only very limited exploration has
been undertaken in the last 30 years.
Gold 50’s Spitfire, Broken Hills, Top Gun and Caisson Projects are located
in central Nevada within the prolific Walker Lane Trend. The Company
plans to rapidly evaluate the near-surface gold potential of these
This Prospectus contains detailed information about Gold 50, the
Company’s Projects, its financial history and the Offer.
Investors should note that Gold 50 is an early-stage gold exploration
company, and that any investment made in the Company should be
considered highly speculative. An investment in Gold 50 is subject to a
range of risks which are detailed in Section 4. I encourage you to read
this document carefully and in its entirety before making an investment in
this Company, and to seek professional advice if required.
The purpose of the Offer is to raise up to $10.0 million (before associated
costs) by the issue of up to 40.0 million Shares at an issue price of $0.25
per share. The Lead Manager of the Offer is Taylor Collison Limited (see
Section 8.4.1 for further details).
The proceeds of the Offer will be utilised to enable the Company to
systematically explore its current projects as outlined in this Prospectus
(see Section 2.4) and pay for the costs of the Offer.
We look forward to welcoming you as a Shareholder should you decide to
participate in the Offer.
Robert G. Reynolds