LONDON (Alliance News) - CIC Gold Group Ltd shares were suspended from trading on the London Main Market on Tuesday as the group confirmed it is holding talks about a potential acquisition.
As the deal, should it progress, would constitute a reverse takeover, CIC shares were suspended. CIC shares were trading down 4.9% at 1.45 pence before being suspended mid-morning on Tuesday.
CIC did not provide any details on the acquisition but said it would make a further announcement in due course.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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