|By PR Newswire||
|July 30, 2014 10:41 AM EDT||
MELBOURNE, Australia, July 30, 2014 /PRNewswire/ -- Kibush Capital Corporation (OTC: DLCR) announced today it has filed a Form 10 Statement with the U.S. Securities and Exchange Commission (SEC) as the Company moves from being an OTC Pink company to a fully reporting OTCQB company.
"There are numerous advantages to being an OTCQB company, including the greater number of investors who follow these stocks. There are also a number of obligations, including a minimum share price and regulatory compliance. We are pleased that Kibush Capital meets these requirements," said Warren Sheppard, CEO. "This is a major step forward, a significant milestone, for our Company."
The Form 10 also includes an overview of the Company, its history and businesses, the Company's capital structure, financial statements, details about the Company's management, governance and its competitive strengths, strategies and risk factors. A copy of the Form 10 is available at www.sec.gov.
Pursuant to our Announcement March 3rd 2014, operations commenced in July for gold processing at Karanga in Papua New Guinea on a small scale to ensure that Kibush Capital is in control of all areas. When the Company is confident that it has met regulatory, operational and environmental requirements, it will increase production accordingly. Results to date are consistent with Kibush Capital expectations and confirm the resources as stated on March 3, 2014.
E & E Communications
SOURCE Kibush Capital Corporation