Corporate Information
Company Structure
The present share structure of Takatu is as follows:
Since incorporation, Takatu has successfully completed several private placements to management & founders, sophisticated investors and Pinetree Capital Limited, raising aggregate proceeds of approximately CAN $2.2 million. At the beginning of Q1 2008 the company had approximately CAN $700,000 to take it through to listing and to meet incidental costs prior to IPO. Previous expenditures have largely been confined to the acquisition of Takatu's property portfolio, the conduct of due diligence on those properties and the conduct of preliminary reconnaissance exploration. Takatu has divided its gold and uranium assets between two 100% owned Guyana incorporated subsidiaries - Pharsalus Gold Inc., and Pharsalus Inc., which are in turn held through holding companies of the same name incorporated in the British Virgin Islands. | |
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Takatu, through Pharsalus Gold Inc., holds the West Omai project and has been directly granted 3 large scale Prospecting permits and through vendor agreements has acquired between 90 - 100% of a tenement package comprised of: - 49 Small Scale Claims, 179 Medium Scale Prospecting Permits and a single Large Scale Mining Permit. All permits and claims are granted for gold, precious metals and diamonds only. Through Pharsalus Inc. Takatu has been granted the Amakura, Takatu, Muruwa and East Omai Reconnaissance permits totaling 37,000 km2 in area. | |
