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PATERSON RESOURCES LTD — Interim / Quarterly Report 2013
Apr 28, 2013
65618_rns_2013-04-28_b75efee9-1e6d-46c2-bf8e-942997a88a2f.pdf
Interim / Quarterly Report
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UNITED OROGEN LIMITED
Suite 705, 3 Spring Street, Sydney NSW 2000 Australia Tel: (02) 9247 7744 ABN 45 115 593 005
Quarterly Activities Report Quarter ended 31[st] March 2013
Corporate Restructure
As previously announced the March quarter saw changes to the ownership of the Company and the appointment of a new Board.
On 18[th] February 2013, clients of Carling Capital Partners acquired 60 million shares in the Company from Iron Mountain Mining Limited. Subsequently, the previous directors of the Company resigned and were replaced by Messrs. Maxim Carling, Michael Tilley and Mark Ohlsson.
The Directors have a broad range of commercial and public company experience as well as experience in transactions and project development The Directors consider that this experience will assist in attracting and securing new projects for investment and acquisition, as well as providing management that will maximise the Company’s potential.
The Directors are committed to the highest standards of corporate governance and they make themselves readily available to meet the requirements of the Company and its operations going forward. The Board will ensure that they devote sufficient time, attention and skill to the duties of this position and the Company’s business.
Investment Opportunities
The directors are conducting a review and evaluation of the Company’s existing tenements and on the conclusion of this review and evaluation, and subject to the outcomes of such review and evaluation, the Company will then decide how to move forward in relation to its various exploration assets.
The directors are also reviewing other investment opportunities for the Company
Max Carling Director 29 April 2013