Welcome to Quintessential Resources Ltd
On 24th July 2014, Quintessential Resources Ltd announced that it had signed an agreement to acquire 100% of Yonder and Beyond Limited (Y&B), giving effect to the reverse takeover of Quintessential by Yonder and Beyond shareholders. (See ASX Announcement dated 24th July 2014).
The transaction requires approval from Quintessential shareholders at a General Meeting scheduled to be held on 30th September 2014.
Y&B is a technology incubation company that provides a collection of resources and expertise at group level to start-up companies in the sector, particlarly in mobile, technology and entertainment. This includes full-time senior executives who specialise in areas that are often costly and inaccessible for start-ups, such as Digital Strategies, Business Development, Finance and Human Resources. This model ensures high growth and an excellent probability of success to Y&B's investments.
Through its experienced management team, led by founder Shashi Fernando, Y&B is positioned to benefit from the incredible growth of the already large mobile technology market. Ernst & Young has projected the mobile commerce market will exceed US$173 billion by 2018. This provides an abundance of opportunities to install solutions and products which are disruptive to traditional business models offering potentially lucrative returns for investors. Y&B is in advanced negotiations with a number of high profile opportunities, which may potentially be unlocked as a result of QRL's acquisiton of Y&B.
QRL intends to continue to fund its obligations in respect to mineral tenement assets in Papua New Guinea (PNG). If the shareholders of QRL approve the acquistion of Y&B, post completion, the new board of QRL will undertake a review of the PNG assets to investigate oppotunities to divest its existing assets and projects.
For information realting to Yonder and Beyond, please visit www.yonderbeyond.com