CIC Capital Ltd Board Changes (3624N)
06 September 2013 - 4:00PM
UK Regulatory
TIDMCICC
RNS Number : 3624N
CIC Capital Ltd
06 September 2013
CIC CAPITAL LTD.
("CIC" or the "Company")
BOARD CHANGES
CIC (AIM: CICC), the consulting and advisory firm operating
primarily in the mining and energy infrastructure sectors, is
pleased to announce the appointment of Mr. John Malcolm Bell as a
Non-Executive Director of the Company. Mr. Bell will also join the
Audit and AIM compliance committees.
Mr. Bell will also be appointed Executive Director and Chief
Executive Officer of to CIC Gold Limited and charged with
completing its public listing.
Mr. David Li will remain Chief Financial Officer of CIC but will
step down as a Director of the Company. He will be appointed as a
Non-Executive Director to the boards of CIC Fuels Limited, CIC Gold
Limited and Sino Reserves Limited to assist in the public listing
of those entities. Mr. Li acted as a third independent Director of
the Company until Mr. Bell's appointment.
Mr. Li's retirement and Mr. Bell's appointment became effective
concurrently on 5 September2013.
Mr. Bell is the Managing Director of Malcolm Bell &
Associates Ltd., a private Vancouver, BC company that arranges and
sources capital for private and public companies engaged in mining,
renewable energy and technology ventures. Mr. Bell has over 30
years of industry experience either as principal, senior officer or
director. In 1980, he founded Hi-Tec Resource Management Ltd, a
minerals exploration consulting company. In 1986, he founded the
International Investment and Business Opportunities Exposition, the
first trade show of its kind in Vancouver that provided private and
public companies the opportunity to showcase themselves to an
international audience. In 1997, he co-founded British Canadian
Mines Ltd, the largest privately held mineral exploration company
in Newfoundland, and subsequently completed a $13 million reverse
merger into publicly-traded Canaco Resources Ltd. In 2002, he
helped negotiate a $20 million merger between Olympic Resources and
Whittier Energy Corp, and in 2003, he co-founded PB Energy Partners
an oil and gas exploration partnership. In 2006, he co-founded
Linear Power Ltd and Greenwell Renewable Power Corporation.
Mr. Bell is President of the St. Andrews and Caledonian Society,
City of Vancouver, and is a member of the Vancouver Club.
Mr Bell, age 64, is currently a Director of or during the past
five years has been a Director of the following companies:
Current Directorships: Past Directorships:
Western States Silver Ltd PB Energy Partners Ltd
Greenwell Renewable Power Ltd
Malcolm Bell & Associates Ltd
There is no further information to be disclosed under Rule 17 or
Paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Enquiries
CIC Capital Ltd Nominated Adviser
Stuart Bromley Cairn Financial Advisers
Tel: +86 136 0113 1912 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
has 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
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