Welcome to Parker Resources Limited
Parker Resources Limited ("Parker" or the "Company") is an Australian based mineral exploration company formed for the purpose of acquiring and developing prospective mineral properties in Australia.
On 24 July 2014 and 11 December 2014 the Company announced that it had entered into a conditional agreement to acquire 100% of the issued capital in Ensurance Capital Pty Ltd ("Ensurance") by way of a share sale agreement.
The acquisition of Ensurance will results in a significant change to the nature and scale of the activities of the Company from a mining exploration company to a company with interests in the insurance industry. This transaction requires approval from Parker shareholders at a General Meeting scheduled to be held on 15 January 2014.
Parker intends to continue to fund its obligations in respect to the mineral tenement located near Cue in the Murchison, Australia. If the shareholders of Parker approve the acquisition of Ensurance, post completion, the new board of Parker will undertake a review of the asset.
For information relating to Ensurance please visit www.ensurance.com.au.