CIC Capital Ltd Corporate update (2428O)

TIDMCICC

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           Nominated Adviser 
  Stuart J 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 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

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