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Corporate update

18th Sep 2013 07:00

RNS Number : 2428O
CIC Capital Ltd
18 September 2013
 



CIC CAPITAL LTD.

 

("CIC" or the "Company")

 

Corporate Update

 

 

CIC (AIM: CICC), the consulting and advisory firm operating primarily in the mining and energy infrastructure sectors, is pleased to provide a general corporate update.

 

 

CIC Gold Limited - ("CICG")

The Company has increased its equity interest in CICG for additional advisory services to 71,840,000 shares or 59.87%. The Company will dispose of any equity above 49% before the fiscal year end. The total issued share capital of CICG is 120,000,000 common shares.

 

CICG is putting in place a new holding company which is a Canadian Company that is a public issuer (delisted and not quoted on any exchange) and is subject to Canadian regulations. The new holding company will be renamed CIC Gold Ltd.

 

CIC Brancepeth Coal Limited - CIC Coal

The Company has established CIC Coal for future listings on an appropriate stockmarket of CIC's coal mining clients. The Company has established a Chinese subsidiary company "King Harmony Group [Limited]" to facilitate coal trading and logistics operations. King Harmony is fully permitted in China to import and export energy commodities, a process that took nearly two years. The Company will include assets from Chinese and western coal operators.

 

 

New Advisors Appointed in Canada

To aid the Company in removing Canadian Cease Trade Orders which currently restrict Canadian residents from trading their shares, the Company has appointed as Securities Lawyers Gowling Lafleur Henderson LLP and Mackay LLP for Canadian Audit.

 

 

 

 

Enquiries

CIC Capital Ltd

Stuart J Bromley

Tel: +86 136 0113 1912

 

Nominated Adviser

Cairn Financial Advisers LLP

Tony Rawlinson

Tel: +44 (0)207 148 7900

 

 

 

 

 

 

CIC Capital Ltd

The Company is a consulting and advisory company, operating primarily in the mining and energy infrastructure sectors. The Company seeks to provide consulting and advisory services to entities operating at various stages of resource development, and the exclusive right to control the public listing process of any client company if the client company is an unlisted company.

The core services provided by CIC Mining Resources are: the Advisory Service which provides a range of technical, project management, strategic and commercial services; the Strategic Investment Service which helps companies source investment from industry partners for which the Company will typically receive an equity interest; and Advice on Listings where the Company helps the client realise value by listing on a Stock Exchange www.CICcapital.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUBANROBAKAAR

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