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Description of business:
On 23 July 2013 the Company adopted an investing policy focussing on the natural resources sector (both exploration and production), with a particular emphasis on precious mining assets and interests. In line with its new investing policy, the Company is proposing to acquire Red Leopard Mining Inc ("RLM"). RLM was established in 2013 as a special purpose vehicle into which 205 unencumbered claims (the "Claims") were transferred by Polaris Resources Inc, a wholly owned subsidiary of Quest Minerals Corporation (the "Vendor"). The Claims are located in the vicinity of Shoshone County, Idaho, USA, commonly referred to as "Silver Valley". This area is well known as the premier silver district in North America, with total production to date of around 1.2 billion ounces. Most of the Claims lie within the Panhandle National Forest and upon Bureau of Land Management land. The Claims cover a total land area of approximately 1,435 hectares the equivalent to 3,546 acres. The Coeur d'Alene mining district is approximately 77,700 hectares or 192,000 acres and has produced approximately 38 billion grams of silver and substantial lead, zinc, copper and gold. A full list of the Claims can be found in the CPR included in the Admission Document. The Claims are situated adjacent to two former major producing mines, the Hercules and the Interstate Mines, each now owned by Hecla Mining Company Inc. ("Hecla"), one of the largest silver producers in the US. The Hercules mine discovered in the early 1900's became a primary mine for Day Mines Inc. ("Day Mines"). Day Mines was merged into Hecla Mining Company in 1981. The Interstate Mine was the initial primary mine for Callahan Mining Corporation. Callahan Mining was acquired by Coeur d'Alene Mines in 1991. The Company proposes to use funds raised on Admission to carry out near term exploration with the intention that this would lead to the establishment of a small scale mining operation to provide cash flow and grade and metallurgical information, together with a systematic exploration program. Admission is being sought as a result of a reverse take-over under rule 14 and is subject to shareholder approval at a general meeting to be held on 24 September 2013.

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Red Leopard Holdings Plc

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