Share of the raise
Kasanda Gold Project · Spotlight–Memnon 575 Ltd · Republic of Uganda
Invest once — receive 2x your ticket, paid from gold production, complete within a maximum of 24 months from first gold (sooner if production runs ahead of plan · subject to definitive documentation)
This Note carries no interest rate and no coupon mathematics. You hold one right: a share of every dollar of gold the Kasanda mine sells, paid to you quarterly until you have received two times your investment — complete within a maximum of 24 months from first production.
Your total payout — two times your invested capital, inclusive of it. No interest line, no separate schedules: one number, one right.
Shared pool of the project's Net Gold Sales — the source of your quarterly payments, allocated pro-rata to Note holders.
Maximum payout window from first production. Stronger production completes your 2x sooner — 24 months is the outer limit.
Minimum ticket, up to US$500,000 maximum — the full offering size.
Payments made every quarter from gold sales, with full production and sales reporting.
Backed by a real, fully funded mine — licence secured and plant on order.
SML 00575 — the Kasanda mining licence, held and in good standing.
Develops and runs the Kasanda gold project under institutional JV governance.
Refined / doré gold sold to market — the revenue line your Note participates in.
Kasanda held under SML 00575 via MUMA — a granted mining licence, not an application.
The plant and project capital are committed under the institutionally backed JV — this Note is not funding the mine's construction.
CIL processing plant currently being ordered from Nile Machinery Co.
From US$50,000. Your capital funds final SPV setup and working capital to first gold.
Ore is processed at the CIL plant and gold is sold as doré / refined gold.
Your pro-rata share of the 5% gold-sales pool, paid every quarter, from the first quarter of production.
Payments continue until you have received 2x your ticket — no later than 24 months after first production, sooner with stronger output.
Participation is allocated pro-rata from a 5.0% pool of Net Gold Sales. Figures below are illustrative and not a guarantee.
Move the slider to your intended ticket. All outputs update instantly and carry through to the subscription form below.
Gold payments on your ticket, month by month, from first production to your completed 2x. Pick a production case — stronger output front-loads your money; the 24-month window is the outer limit.
Illustrative timeline: first gold assumed month 7 · flat run-rate per case · payments made quarterly in practice. The completion settlement shows the balance of your 2x, committed no later than 24 months after commencement of commercial production under the definitive documents and funded from the project's retained 95% share of gold sales. Actual production ramp and timing will vary.
Assumptions: 360 TPD CIL plant · ~90% recovery · gold modelled at US$3,800/oz (conservative vs ~US$4,200 spot, Jun 2026) · Medium case ties to management's ~$5.0M base. Illustrative sensitivities, not forecasts.
| Investment | Share of raise | Net Gold Sales participation |
|---|---|---|
| $50,000 | 10% | 0.50% |
| $100,000 | 20% | 1.00% |
| $150,000 | 30% | 1.50% |
| $250,000 | 50% | 2.50% |
| $500,000 | 100% | 5.00% |
Pro-rata share of the 5.0% Net Gold Sales pool — the source of your quarterly payments.
| Investment | Total payout — 2x, paid from production |
|---|---|
| $50,000 | $100,000 |
| $100,000 | $200,000 |
| $150,000 | $300,000 |
| $250,000 | $500,000 |
| $500,000 | $1,000,000 |
Total amount received, inclusive of your invested capital · complete within a maximum of 24 months from first production.
Your full 2x payout completes no later than 24 months after first production — written into the definitive documents.
Payments flow every quarter from actual gold sales, with production and sales reporting alongside.
Equipment security, assignment of participation rights and a project-level payment waterfall.
Licence secured, project fully funded and the plant already on order — not a concept.
Repayment at 18 months, or 90 days after production — a clear exit window.
Closing only on executed agreements after satisfactory due diligence.
Memnon Capital Africa connects credible local assets with disciplined capital, institutional governance and milestone-driven execution across energy, mining and agriculture in East Africa.
Gold mining in an emerging market carries real risk. We don't hide it — here is how the structure addresses it.
Plant is on order and fully funded; experienced operators; your payout window is anchored to first production with a committed 24-month completion.
Modelled conservatively at US$3,800/oz vs ~US$4,200 spot; gold near record highs in 2026 gives headroom.
Licence secured via MUMA; local counsel (KAA); strong in-country board and government relationships.
Sales and the Note are USD-denominated; proceeds tracked to gold sales with quarterly reporting.
Institutional governance, defined payment waterfall and security package; closing on definitive documents only.
A defined horizon: quarterly payments from first production, with completion of your 2x committed within 24 months of production start.
This Note is offered privately to a limited number of selected investors. To preserve the allocation and terms shown here, allocation is strictly limited to US$500,000 and closes once fully subscribed — tickets are confirmed in order of receipt.
Submitting this form is a non-binding Indication of Interest. Your participation rights become active only once payment has been received by Memnon Capital Africa and definitive documents are executed.
Thank you, . You have subscribed for
in the Memnon Capital Africa Gold Revenue Participation Note — Kasanda Gold Project, Uganda.
REF · MCA-GRPN-0000Please quote your reference on the transfer. Definitive subscription documents will follow to your email address from our team.
The moment your payment is received by Memnon Capital Africa Ltd, your first gold transaction is confirmed and your right to a 2x payout from Kasanda's Net Gold Sales is locked in — quarterly payments from first production, complete within 24 months. Welcome to the raise.