CIC Capital Ltd Formal Notice (7577F)
29 April 2014 - 7:17PM
UK Regulatory
TIDMCICC
RNS Number : 7577F
CIC Capital Ltd
29 April 2014
CIC CAPITAL LTD ("CIC" or the "Company")
Corporate Update
CIC Capital Ltd (AIM: CICC), the consulting and advisory firm
operating primarily in the resource development and energy
infrastructure sectors, is pleased to provide the following
corporate update.
ESTABLISHMENT OF NEW BANK AND TREASURY FACILITIES WITH HSBC IN
HONG KONG AND CIC CAPITAL LIMITED (REPUBLIC OF SEYCHELLES)
The Company advises HSBC has completed its account opening
procedures.
The Company advised in the announcement of 17 February 2014, the
Board will seek that all monies due to the Company be deposited
into that operating account namely:
CIC Fuels Limited
Balfour Fund GBP675,000
Jarada Fund GBP675,000
CIC Gold Limited
Balfour Fund $1,300,000 (US dollars)
Jarada Fund GBP675,000
Both funds have advised the Company, they will wait until the
Company advises the outcome of any Nomad appointment. Further as
good faith, Balfour Fund has advanced GBP150,000 each for CIC Fuels
and CIC Gold total being GBP300,000 as a further good faith
payment.
UPDATE ON INVESTMENTS
CIC Gold Limited
CICG has advised of two new independent Director board appoints
being Dr. Geoffrey P. Cowley and His Excellency Ulambayar Barsbold.
Director profiles are available on the company's web site
www.CICGold.com.
CIC Gold Limited is progressing its public listing and the
Director appointments reflect the independence of the company from
CIC Capital Ltd.
TRANSFER OF SHARE REGISTER
The Company's proposed new registrar will be effected 1 May
2014. The Company will soon after deliver the bonus dividend shares
to qualified shareholders.
Enquiries
CIC Capital Ltd
Stuart J. Bromley
Tel: +86 136 0113 1912
bromley@CICCapital.com
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 Capital Ltd. 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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