The Diabase and Monzonite reserve is calculated to 100 million tons, estimated by opening quarry entries, block production from the quarry and probing with drilling core.

The site of magmatic origin diabase and monzonite natural stones  is located on an area of 156,25 hectares in region of Malatya Turkey.

Main road is close to the site, electricity, roads, Infrastructure is ready to use. A mining path of 300 m is constructed from the motorway passing near the site.

All the official permits are received for operating the site.

A pre-marketing feasability was made on the Izmir Fair, reveiling a vast demand on the International and domestic markets for the the stones.

Investment return is high as the reserve is uncovered on the surface and in sovereign quality offering a wide spectrum of continuously demanded end products, read more

The Reserve and the official permitions are owned to 100% by the Simsekler Group, a reputable construction company possessing an ISO 9001-2000 certificate. read more

The Reserve and all permitions will be transfered to the joint venture enterprise which will be founded on the Site location in Malatya to further below described conditions.  

The aimed consortium of investors is ideally consisting of multiple companies operating in construction and trade of building materials, investors and entrepreneurs, who participate in management  and marketing in the cooperation.

Ilktomi Properties and Mr. Ilhan Gültekinoglu respectively has the authorisation by the owner of the diabase and monzonite quarry to initiate the joint venture business plan and to start talks with investors and strategic partner companies.

Required investment volume is 10 000 000 $ as joint venture capital and will be equal to a 60% stake in the joint stock cooperation which will be founded on quarry location in Malatya, Turkey. 

The smallest stake available for small investors is 1 % and equal to 166.666$

The Current owners of the Diabase and monzonite mine will transfer the ownership and permitions to the joint stock cooperation and will receive in turn a total of  40% share of this cooperation, in detail 36% Simsekler Group and 4% ilhan Gültekinoglu..  

100% of the 10 000 000 $ will flow in to the joint stock cooperation. 

In this early stage, interrested investors are requested to send a letter of intention by mentioning the amount of investment and a short description of their activities.

Deadline for the letter of intent is 30.June 2010.

In this stage, we will start talks with all potential investors and we will issue a first list of qualified investors and institutions.

We will also issue a list of substitutes for the case of discontinuance of an investor from the first list.

In this timeline commencing the first July and ending the 31. August 2010 we will invite our potential partners for talks in Turkey and run feasibility studies.

Qualified investors will be demanded to open an account at a Turkish Bank on their own names and to deposit 5% of their intended total investment amount before the deadline on 31. August 2010 and send us a copy of the bank receipt.

We will anounce in the first week of September all Investors. Upon consultation with all Investors, we will set up the date of foundation of the new cooperation in the first or second week in October 2010

All Investors has to be present or has to be represented by a Turkish solicitor with a valid power of attorney issued by a Turkish notary at the date of foundation and will be incorporated as shareholders in the new cooperation. The appropriate amounts of investments has to be 10 days before this date on the Turkish accounts of the Investors and a copy of the Bank receipt has to be send to us by this date.