As a result of a contractual commitment with Captain Michael Hatcher, Ocean Salvage Corporation Limited has undertaken to lead expeditions to locate wrecks and salvage their cargoes as part of a joint venture between the parties. It is anticipated that during the course of this contractual commitment, a number of additional shipwrecks will be allocated to Ocean Salvage Corporation Limited, the fin
ancial returns from which, would be shared by investors in United Gold Explorations Unit Trust. Captain Hatcher is one of the world’s most successful salvors and his achievements are the envy of many who are involved in the industry. No other salvor in history has retrieved more artifacts from the ocean floor than Captain Hatcher. He believes the specific expeditions referred to above will be the most exciting that he has been involved in and provide an outstanding opportunity for those financially involved. Documentary footage illustrating the success of Hatcher’s life scouring the seven seas for treasure, together with the acclaimed recoveries of the Hatcher Porcelain Collection, the Geldermalsen (the Nanking Cargo) and the Tek Sing Cargo are consistently broadcast on various cable and free-to-air television channels worldwide. You can read about Mickael Hatcher on the web-site below
https://en.wikipedia.org/wiki/Michael_Hatcher
Opportunity
The opportunity relates to the expedition to salvage the cargoes from such wrecks as the Santo Christo de Burgos, the San Andres, the San Domingo, the San Felipe, the New Sun of Holland, the Soleil D’Orient and an unidentified 14th century Ming Dynasty Wreck, all of which are lying off the coasts of Philippines and Burma, in addition to a number of other wrecks in the same regions. Further, there is the opportunity to benefit from Captain Michael Hatcher’s decades of experience and success in this field of endeavor by becoming a party to all exploration and salvage conducted under the terms of the agreement between the parties. This would include, but by no means limited to, the various wrecks already targeted for recovery after the current projects have been completed. It will result in investors benefiting not only from the workload that Captain Hatcher and his crew could undertake, but also from work undertaken by crews whom Captain Hatcher may choose to sub-contract. Captain Hatcher is a party to the agreement between Ocean Salvage Corporation Limited and has accepted responsibility for undertaking the Expeditions together with all related operational issues.The agreement also specifies the obligations on the part of Michael Hatcher as salvor and the method by which recovered artifacts or treasures shall be exploited.The agreement sets out these obligations as necessary in order to ensure investors can be certain Ocean Salvage Corporation Limited will do all things permitted to ensure performance and benefit. Ocean Salvage Corporation Limited has been formed for the purpose of entering into the agreement with Michael Hatcher and thereby providing investors with an opportunity to benefit from the expeditions. If there is a possibility of other wrecks in the surrounding dive areas of the targeted wrecks, Captain Hatcher is required under the agreement to investigate them and raise whatever cargo may be available, providing it is economic to do so. The explorations being undertaken are sophisticated and not dissimilar to mineral exploration, based on known but approximate locations combined with the benefit of experience, knowledge and contacts. Captain Hatcher and the enterprises with which he is associated base the explorations on extensive worldwide research. Captain Hatcher’s philosophy when carrying out marine salvage operations is to maintain the highest possible archaeological standards in a way that is commercially attractive to investors. An investment in the project is an opportunity to share in the financial rewards that may flow from the exciting ventures. United Gold Explorations Unit Trust ("Trust") is a unit trust established in accordance with the British Law on the express basis that units in it will not be offered to or allotted to members of the public. The Trust was specifically established to be commercially involved in the recovery of historical marine salvage. The Trust has the opportunity to purchase up to 10% of the contractual rights ("Marine Salvage Rights") to a joint venture agreement with world renowned salvage operator, Captain Michael Hatcher for the salvage of the cargoes of 7 identified shipwrecks ("Project"). Whilst the manifests of targeted shipwrecks are generally known and in some instances are valued at over USD 1 billion in today's terms, it is difficult to put a value on the net worth of the Trust's interest in the Project. On the basis of the Trust's research of the targeted shipwrecks and their manifests, the Trust conservatively forecasts return to investors of approximately 875% to 1365% in the event the targeted vessels are recovered. Recipients of this Memorandum are invited to invest in the Project by purchasing units in the Trust in accordance with this Memorandum. By doing so an investor indirectly benefits in the Marine Salvage Rights and Captain Michael Hatcher's experience and expertise that he brings to the Project. Relevant parties in this context are Captain Michael Hatcher, Ocean Salvage Corporation Limited and United Gold Explorations Unit Trust (each party to the joint venture agreement giving rise to the Marine Salvage Rights), together with the Trust as purchaser of the Marine Salvage Rights.
