Ascot Mining Plc (DB:AM3) acquired 0.45% stake of ARX Gold Corporation from Musketeer Holdings Corp for €1.04 million in stock on November 6, 2012. As consideration, Ascot Mining issued its 20 million shares for the 20 million shares of ARX Gold. Musketeer Holdings now holds 20.1% stake in Ascot Mining. Paul Shackleton and Colin Rowbury of Daniel Stewart & Company Plc acted as financial advisor and broker respectively and to Ascot Mining in the transaction.

Ascot Mining Plc (DB:AM3) completed the acquisition of 0.45% stake of ARX Gold Corporation from Musketeer Holdings Corp on November 6, 2012.