K1 Ventures

[High]

Gulf Coast Ultra Deep Royalty Trust (GULTU) was created in connection with Freeport-McMoRan Copper & Gold Inc.’s acquisition of McMoRan Exploration Co., which was completed on June 3, 2013. Holders of royalty trust units are entitled to share in a 5% gross overriding royalty interest in future production.
Gulf Coast Ultra Deep Royalty Trust began trading on the OTC on June 4, 2013.

In addition to $14.75 in cash per MMR share, investors will receive 1.15 units in the Gulf Coast Ultra Deep Royalty Trust.
K1 ventures should have in total 2,308,000 * 1.15 = 2,654,200 GULTU shares.
GULTU currently trading at US$2.28