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Dear Shareholder,

On the 1st of June 2015 the Advisory Committee and Board of Astra Resources Plc issued a newsletter outlining the need for a name change and the possibility of change in holding company to facilitate the company's present activities, attract capital and assist in public listings. As you are aware members approval was given to move holding company jurisdictions in Sept 2012 and Sept 2013.

Since 2013 the Board has been considering a change in jurisdiction covering either Asia, Europe or North America to facilitate a listing. Efforts for this have been documented during that period. The recent announcement on closure of the GXG (http://www.gxgmarkets.com/news-release/pressrelease/1934807) has supported the view that the UK jurisdiction is superfluous.

Upon the recommendation of independent accounting, legal and audit advice and according to appropriate custody arrangements, the Directors incorporated a new holding company in Hong Kong on the 1st June 2015 named Incept Holdings Limited (hereinafter referred to as "INCEPT").

Independent legal and governance advice prior to incorporation of INCEPT confirmed that the Shareholders had provided the Directors with the necessary authority as part of previous Shareholder meetings and the UK was the not the appropriate jurisdiction for the holding company.

The Company Secretary will record on the Share Registrar the issuance of new share certificates in Incept Holdings Limited (Hong Kong) to all current Shareholders on a pari passu basis. These new share certificates will be sent out by Integral Transfer agency in due course.

With respect to the business of INCEPT the following benefits have already been achieved due to the new jurisdiction and positioning of the Company:

  1. Clear lines of business and corporate structure (www.inceptholdings.com) as requested by the Advisory Committee in May 2015.
  2. The USD$20 million of shares in the Mali iron ore and gold project have been successfully financed through a bond issue arranged by North American advisors.
  3. An agreement has been reached to build a prototype wireless electricity transmission system at the Green Innovation Exploration and Resources Inc solar project under construction in Negros Philippines. The transmission system is based on the theories of Tesla in the 1890's. The commercialisation of this technology will allow transmission of electricity direct from Generators to Consumers without the need for high voltage cables, transmission lines or distribution networks. The finance has been arranged through Nanotine Technology Ltd. The technology will primarily come out of the Incept office in Spain who are working on hydrogen and energy teleportation technology.
  4. Nanotine Technology Ltd will be requested to provide US$40 million to build a pre-commercial prototype of the cold fusion reactor to produce electricity from deuterium (sea water) at temperatures below 700 Celsius instead of the 10 million plus degrees of the sun. Incept has been given the option to build this unit in Spain or acquire a position in a very promising development company in Germany.
  5. INCEPT has been approved to have exclusive purchasing rights of all Gold Standard Carbon Credits generated by the Green Innovation Exploration and Resources Inc solar project in Negros Philippines on favourable terms.
  6. INCEPT has secured a substantial interest in a public company with the right to finalise the acquisition of a major world scale and operational copper asset in Africa. The significant capital and operational needs can only be met by arranging the issuance of a corporate bond to finance the completion of acquisition and revenue generation on the West-Africa copper project similar to Mali.
  7. An aligned North American issuer is advanced on taking a business line or project (e.g. Industrial Technologies) from INCEPT (see Incept website) into a North American listing. The T-Steel and liquid coal technologies will be the primary interest due to resource and manufacturing synergies in the listing jurisdiction and readiness to roll-out.
  8. A German equity analyst is completing a valuation and recommendation on the INCEPT portfolio. Discussions to date with the German firm indicate a very positive valuation outcome and a great support to Shareholder value.
  9. INCEPT has negotiated and acquired a controlling stake in a global Forest Carbon developer that has contractual rights to the development of over 35 million hectares of rainforests for carbon credits. The as-is rights have a significant independent valuation. INCEPT will arrange financing to ensure completion of the audit process on these projects to achieve issuance of the subsequent carbon credits (approx. 11 billion REDD credits). INCEPT will remain a majority stakeholder for the full 25 year life of these projects, significantly contributing to the mitigation of climate change, rainforest conservation and development support to impoverished indigenous forest communities. A forward sale agreement for finished credits may be used to finance the audit processes rather than dilution by equity raisings.
  10. INCEPT is in a position to take a stake in a global company that is a specialist in the Information & Biotechnology sector and specialises in technology that enables more cost effective and efficient live streaming, intangible asset digitisation and transactions by mobile devices. This will aid in the marketing of carbon credits.

Max Venning

Chairman

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