Non-U.S. residents/citizens


To access the other pages on this website, you will need to confirm you are not a ‘U.S. Person’ under the U.S. Securities Act of 1933, as amended.

U.S. residents/citizens


To access other pages on this website, you will need to confirm you are an ‘Accredited Investor’ under the U.S. Securities Act of 1933, as amended and a ‘Qualified Purchaser’ under the Investment Company Act of 1940, as amended.

Return to the Taurus home page if you wish to accept the conditions of entry.

Definitions

‘U.S. person’:

(i) Any natural person resident in the United States;

(ii) Any partnership or corporation organized or incorporated under the laws of the United States;

(iii) Any estate of which any executor or administrator is a U.S. person;

(iv) Any trust of which any trustee is a U.S. person;

(v) Any agency or branch of a foreign entity located in the United States;

(vi) Any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person;

(vii) Any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; and

(viii) Any partnership or corporation if:

(A) Organized or incorporated under the laws of any foreign jurisdiction; and

(B) Formed by a U.S. person principally for the purpose of investing in securities not registered under the Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in §230.501(a)) who are not natural persons, estates or trusts.

(2) The following are not “U.S. persons”:

(i) Any discretionary account or similar account (other than an estate or trust) held for the benefit or account of a non-U.S. person by a dealer or other professional fiduciary organized, incorporated, or (if an individual) resident in the United States;

(ii) Any estate of which any professional fiduciary acting as executor or administrator is a U.S. person if:

(A) An executor or administrator of the estate who is not a U.S. person has sole or shared investment discretion with respect to the assets of the estate; and

(B) The estate is governed by foreign law;

(iii) Any trust of which any professional fiduciary acting as trustee is a U.S. person, if a trustee who is not a U.S. person has sole or shared investment discretion with respect to the trust assets, and no beneficiary of the trust (and no settlor if the trust is revocable) is a U.S. person;

(iv) An employee benefit plan established and administered in accordance with the law of a country other than the United States and customary practices and documentation of such country;

(v) Any agency or branch of a U.S. person located outside the United States if:

(A) The agency or branch operates for valid business reasons; and

(B) The agency or branch is engaged in the business of insurance or banking and is subject to substantive insurance or banking regulation, respectively, in the jurisdiction where located; and

(vi) The International Monetary Fund, the International Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank, the African Development Bank, the United Nations, and their agencies, affiliates and pension plans, and any other similar international organizations, their agencies, affiliates and pension plans.

‘Qualified purchaser’:

(i) any natural person (including any person who holds a joint, community property, or other similar shared ownership interest in an issuer that is excepted under section 3(c)(7) with that person’s qualified purchaser spouse) who owns not less than $5,000,000 in investments, as defined by the Commission;

(ii) any company that owns not less than $5,000,000 in investments and that is owned directly or indirectly by or for 2 or more natural persons who are related as siblings or spouse (including former spouses), or direct lineal descendants by birth or adoption, spouses of such persons, the estates of such persons, or foundations, charitable organizations, or trusts established by or for the benefit of such persons;

(iii) any trust that is not covered by clause (ii) and that was not formed for the specific purpose of acquiring the securities offered, as to which the trustee or other person authorized to make decisions with respect to the trust, and each settlor or other person who has contributed assets to the trust, is a person described in clause (i), (ii), or (iv); or

(iv) any person, acting for its own account or the accounts of other qualified purchasers, who in the aggregate owns and invests on a discretionary basis, not less than $25,000,000 in investments.

‘Accredited Investor’:

  • Securities, including stocks, bonds and notes, other than securities of an issuer that controls, is controlled by or is under common control with the prospective qualified purchaser (e.g., an interest in a family-owned or closely-held business). Notwithstanding the foregoing, Investments includes securities held in (i) any company that files reports under the Securities Exchange Act of 1934 or has a class of securities that are listed on a ‘designated offshore securities market,’ (ii) any registered or unregistered investment company or commodity pool and (iii) any private company with shareholders’ equity of not less than $50 million.

  • Real estate held for investment purposes. Real estate is not held for investment purposes if it is used by the prospective qualified purchaser or a related person for personal purposes or as a place of business, or in connection with the conduct of the trade or business of the prospective qualified purchaser or a related person; provided that real estate owned by a prospective qualified purchaser who is engaged primarily in the business of investing, trading or developing real estate in connection with such business may be deemed to be held for investment purposes. Residential real estate shall not be deemed to be used for personal purposes if deductions with respect to such real estate are not disallowed by section 280A of the Internal Revenue Code of 1986, as amended.

  • Commodity interests, namely commodity futures contracts, options or commodity futures and options on physical commodities traded on a contract market or board of trade, held for investment purposes. A commodity interest or physical commodity owned, or a financial contract entered into, by a prospective qualified purchaser who is engaged primarily in the business of investing, reinvesting, or trading in commodity interests, physical commodities or financial contracts in connection with such business may be deemed to be held for investment purposes.

  • Physical commodities (e.g., gold and silver), with respect to which futures contracts are traded on a contract market or board of trade, held for investment purposes (see C above).

  • Financial contracts (e.g., swaps and similar individually negotiated financial transactions), other than securities, held for investment purposes (see C above).

  • In respect of a prospective qualified purchaser which is an excepted investment company or a commodity pool, any amounts payable to such prospective qualified purchaser pursuant to a firm agreement or similar binding commitment pursuant to which a person has agreed to acquire an interest in, or make capital contributions to, the prospective qualified purchaser upon demand.

  • Cash and cash equivalents (e.g., foreign currencies, bank deposits, certificates of deposit, bankers acceptances and the net cash surrender value of an insurance policy) held for investment purposes. Neither cash used by an individual to meet everyday expenses nor working capital used by a business is considered cash held for investment purposes.

Sydney
Suite 4101, Level 41
1 Macquarie Place
Sydney NSW 2000
Australia
GRAND Cayman
68 West Bay Road
P.O. Box 10315
Cayman Islands KY1-1003
Perth
Level 1
30 Richardson Street
West Perth WA 6005
Australia
Europe
Paris, France
(Satellite Office)
Melbourne
Suite 6.10, Level 6
2 Queen Street
Melbourne VIC 3000
Australia
Contact us at
info@taurusfunds.com.au
Taurus Funds Management Pty Limited is a signatory of: An investor initiative in partnership with UNEP FI and the UN Global Compact www.unpri.org
  • James Duivenbode

    Director | BBus (Finance) Investor Relations

    James heads Taurus’ marketing and investor relations. He is a specialist in equity capital raising and his experience spans direct transactions and open/closed ended fund structures throughout the alternatives investment sector; James has over 19 years’ professional experience and joined Taurus after spending 5 years with Macquarie Group Ltd in Institutional Distribution.

  • Stuart Love

    MAusIMM CP(Geo), BSc (Geology) Masters of Statistics Geologist, Head of Due Diligence, Technical Team

    Geologist with a wide and diversified range of skills and experiences including mining operations, exploration, resource development, project finance, project evaluation, risk assessment, entrepreneurial business establishment, business development, management and staff development spanning Australasia and Africa. Stuart has senior level industry experience with Coffey Mining, Newcrest, Pasminco etc. and extensive banking experience with Investec and Rothschilds.

  • Andrew Sampson

    BEng (Hons), ACMA, CGMA, JP Chief Financial Officer

    Andy is a specialist in corporate accounting with experience covering a variety of roles within multi-national corporations. Andy has worked across a number of sectors including investment banking, retail banking and media businesses in London, Grand Cayman and Sydney. He Joined Taurus in July 2011 as CFO, Company Secretary and Chief Compliance Officer.

  • Warren Staude

    BSc, MSc, MAusIMM, AICD Geologist, Technical Team

    Warren is a specialist in geology, mineral economics and resources funds management. He has over 45 years’ professional experience in the mining industry and investment industries, with the last thirty focused on institutional investment management including extensive periods at AMP and then GIO. Warren is an invited member of the Joint Ore Reserves Committee (‘JORC’) as the representative of FINSIA.

  • Stuart Love

    MAusIMM CP(Geo), BSc (Geology) Masters of Statistics Geologist, Head of Due Diligence, Technical Team

    Geologist with a wide and diversified range of skills and experiences including mining operations, exploration, resource development, project finance, project evaluation, risk assessment, entrepreneurial business establishment, business development, management and staff development spanning Australasia and Africa. Stuart has senior level industry experience with Coffey Mining, Newcrest, Pasminco etc. and extensive banking experience with Investec and Rothschilds.

  • Chris Brown

    BSc (Geology), BEcon, MAusIMM, MGSA, MAICD Geologist, Technical Team

    Chris has 42 years of resources industry experience, initially as a professional geologist, working for the Western Mining Corporation and group companies in both mining and exploration roles before moving into the securities industry. For the last 28 years Chris has been involved with the investment industry, working as a mining analyst at Suncorp before joining Morgan Stockbroking (now Morgans Financial) where he was involved with the management buy-out in 1991. He was Research Director and remained a Director until 2004 when the sale of 50% of the business to ABN AMRO Bank was completed. Since 2006 he has been Technical Adviser to Taurus Funds Management, and remains a Consultant to Morgans Financial .

  • Nick Farr-Jones

    Director | LLB Mining Financier, Mining Finance Funds

    Nicholas specializes in resources investment and corporate governance. Originally a commercial lawyer, he spent 10 years as Managing Director and Head of Commodities & Mining Finance at Société Générale in Australia before joining Taurus Funds Management in April 2009. Nick is an experienced public company director.

  • Martin Boland

    Director Mining Financier and Mining Engineer, Private Equity Funds

    Martin has in excess of 10 years’ experience in investment banking at Barclays Capital and prior to that with ABN AMRO, based in Australia and the UK. His experience covers equity capital markets as well as mergers and acquisitions. Martin holds a Bachelors degree in Finance and Commerce as well an MSc in Mining Engineering.

  • Michael Anderson

    Director | BSc (Hons), PhD Geologist, Private Equity Funds

    Michael specializes in Mining Geology and corporate governance. He has over 20 years’ professional industry experience, largely in South Africa and Australia. Upon completing a PhD in Mining Geology, Michael has held senior managerial roles with Gallery Gold, in Corporate Development, and most recently as Managing Director/CEO at Exco Resources Limited. He is currently a non-executive director of Base Resources Limited, Hot Chili Limited, Ampella Mining Limited and Alliance Mining Commodities Limited.

  • Hubert Williams

    (MBA (Finance), Master Intl Bus (Finance) Mining Financier, Mining Finance Funds

    Based in France. Experienced banker having worked for ABN AMRO for seventeen years, BNP Paribas for 4 years and Société Générale for 3 years. The majority of Hubert’s banking experience was spent in mining and metals both from a project financing, and mergers and acquisitions/equity capital markets perspective.

  • Drew Totterdall

    Director | BCom, CA, ASIA, F Fin. Mining Financier, Mining Finance Funds

    Drew has 17 year’s experience in corporate finance, through roles in senior investment banking and executive management positions in mining companies. Drew is Chartered Accountant with a Masters in Finance. He is an investment banker with experience in mergers and acqusitions, equity capital markets and project finance.  Drew was previously the Chief Financial Officer & GM of Ampella Mining (a Taurus investee company) which was taken over by Centamin Plc and the Business Development Manager for Independence. Drew’s experience includes senior roles at IndependenceGroup, New Holland Capital, part of the Taurus Funds Management Group and  Commonwealth Bank of Australia, Natural Resoruces Perth Team, including sourcing and executing new project finance business in the mining and industry.

  • Nicholas Farr-Jones

    Director | LLB Mining Financier, Mining Finance Funds

    Nicholas specializes in resources investment and corporate governance. Originally a commercial lawyer, he spent 10 years as Managing Director and Head of Commodities & Mining Finance at Société Générale in Australia before joining Taurus Funds Management in April 2009. Nick is an experienced public company director.

  • Charles Loxton

    Director | BSc, MBA Geologist and Mining Financier, Mining Finance Funds

    Charles is a specialist in resource finance and investment and joined Taurus in 2008. Charles is a trained geologist and worked as such in both Australia and Papua New Guinea with his experience covering coal, copper and gold. He then went onto work in the mining finance departments of a number of foreign and domestic banks for 20 years, including AIDC Ltd and Chase Manhattan Bank with the last 10 years being with Societe Generale in Australia. His roles included transaction identification, technical due diligence, loan structuring, preparation of credit and investment submissions on projects, documentation and portfolio management.

  • Jamie Black

    Director | BComm (Hons), MAppFin Mining Financier, Mining Finance Funds

    Jamie has nearly 20 years’ experience in the banking and finance industry. Jamie was most recently a director of Société Générale’s mining finance division where he worked for over 13 years. While focused on the resources sector Jamie has arranged early stage convertibles, project and equipment financings, various hedge structures and corporate facilities covering a variety of commodities and geographic locations.

  • Rohan Menon

    Director and Principal | BSc (Hons, Class 1), MSc, CFA, GAICD Chief Operating Officer, Mining Financier

    Rohan has 18 years’ experience in project financing, corporate advisory, investment analysis and funds management in the mining sector. Rohan is primarily responsible for overseeing all aspects of fund operations, specifically fund structuring and documentation, fund administration, fund governance, investor communications, trade execution, custodial operations and settlements, fund accounting and reporting, and compliance. Rohan has extensive experience in financial analysis and modeling applied to project financing, asset disposals and acquisitions, leveraged buyouts, mergers and business combinations, debt and equity valuation of projects and companies, investment portfolio monitoring, derivative valuation and hedging strategies, , business planning, budgeting and forecasting, project feasibility analysis as well as the application of constrained optimizations to diverse areas including executive remuneration, exotic insurance premium pricing and bulk commodity logistics. Rohan has worked at ABN AMRO, ANZ, Rothschild, West LB and Mercer. Rohan has a First Class Honours degree in Physics, a Masters degree in Mathematics, is a CFA Charterholder and a Graduate Member of the Australian Institute of Company Directors.

  • Gordon Galt

    Director and Principal, BEngMining (Hons), BCom, GradDipFin (FINSIA); MAusIMM, MAICD

    Gordon began his career as a mining engineer during the Australian coal industry’s era of dynamic growth in the 1970’s and 80’s. He has over 40 years’ experience in technical evaluation, financial analysis, project development and operations, and corporate management and governance. He planned and started Queensland’s first longwall mine as the first Mine Manager at Central Colliery, German Creek (Queensland), was General Manager at Ulan Coal (NSW) during the expansion of its underground mining operations and later was Managing Director of Cumnock Coal. Gordon then became Managing Director of Australia’s largest gold miner, Newcrest Mining Ltd during the implementation and commissioning of the Cadia and Gosowong projects, the development of the Ridgeway project and the early stages of the Telfer redevelopment. He moved out of direct operations /executive roles in 2000 when he joined at ABN AMRO as Managing Director of Energy and Chemicals for Australasia.

  • Michael Davies

    Director and Principal BA (Hons), MBA  Chief Investment Officer,  Mining Finance Funds. Mining Financier

    Michael has over 20 years’ experience in the origination, structuring and execution of debt arranging and corporate advisory roles for natural resource companies. His successful financings total over USD5 billion and his experience covers the entire spectrum of the resources industry, encompassing iron ore, coal, base and precious metals, industrial minerals, oil and gas and petrochemicals. In addition, he has extensive experience in diverse geographies, including Australasia, PNG, Asia, Europe, Africa and North America. Michael previously held senior executive roles at Barclays/BZW and ABN AMRO.