Crest Minerals Limited (ASX: CTT)
Crest Minerals is a exploration and prospecting company that offers a strategically acquired investment opportunity into one of the world’s leading gold mining provinces around the Eastern Goldfields and Mount Monger areas in the Kalgoorlie region of Western Australia. Crest Mineral has already entered into several agreements to acquire interests in certain tenements located in this area and may enter into further additional agreements in the future.
Crest Minerals projects are focused on gold targets, and are located adjacent to tenements held by ASX listed explorers and producers. Four separate project areas are located in geological regions around Kalgoorlie, which have been host to recent new gold discoveries including Integra Mining Ltd’s (ASX Code: IGR) Majestic Project.
Crest Minerals flagship Majestic North Project covers the northern extension of the Majestic corridor, which is in only 3 kilometres away from the prior mentioned Integra’s Majestic Project. Historical soil sampling and drilling results indicate that Crest Minerals Majestic North contains a significant gold mineralised system, with excellent potential to be a source of open pit material.
Managing Director Angus Middleton
Hillcrest Litigation Services Limited (ASX: HLS)
www.hillcrestlitigation.com.au
PRINCIPAL ACTIVITY
Hillcrest Litigation Services Limited (HLS) operates as a conduct of litigation
funding business and associated services in Australia.
LITIGATION FUNDING: The litigation funder provides funds to enable a party to
meet the cost of pursuing a legal claim and, in return for assuming those
funding obligations; the litigation funder is entitled to receive a percentage
(typically 30% to 45%) of the amount ultimately recovered under the claim.
However, no amount is received by the litigation funder if the claim is
unsuccessful.
CURRENT PORTFOLIO OF FUNDED CASES: As at December 2010, the current portfolio of
funded cases consists of five cases: Manderson M&F Consulting, Gurtler, Shields
Media Pty Ltd (In Liquidation), Great Southern Limited, and Gardner Corporation
Pty Ltd (In Liquidation). As at January 2011, HLS agreed to provide funding to
enable the liquidators of Great Southern Limited (In Liquidation) to complete
their investigations into certain aspects of the affairs of the companies and
thereafter to pursue any recovery actions as appropriate. As of 3 June 2011, the
Supreme Court of Victoria handed down reasons for judgment in the Manderson M&F
Consulting (MMFC) vs Invitec Pivot Limited (IPL) proceeding in which the Court
refused leave for MMFC to file and serve a proposed amended statement of claim
and held that the proceeding should be dismissed or permanently stayed.
Non Executive Director Angus Middleton