The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It was said....."CIC Fund share holders should contact the Company or their Nominee urgently to confirm the shareholding gained on CIC Gold and CIC Capital through the share dividends issued so that trading expected in August 2017 will be orderly. The companies will be trading on the Xetra trading platform through Clearstream." any evidence of this happening?? Are there any other links that can help to understand what is going on??
It was said "The Company received 28,750,000 common shares and warrants to settle the outstanding loan, which the Company distributed in full the shares received as a dividend in specie to the Company's shareholders. " has anyone received these shares??.............It was said..."The Company received 28,750,000 common shares and warrants to settle the outstanding loan, which the Company distributed in full the shares received as a dividend in specie to the Company's shareholders. "..............has anyone confirmed this happening??
In the June press release it talks about, shareholders to receive some B-shares. It says to advise HO of how many shares are currently held. Can anyone here explain how this works, THANKS.
Can you please provide a link (the source) for your posting, Thanks.
Completion (ALLISS) Mon, 6th Jun 2016 08:24 LONDON (Alliance News) - CIC Gold Group Ltd Monday said it has replaced the initial acquisition agreement with Gobi Minerals with a share purchase agreement as the London-listed gold miner edges ever-closer to completing its acquisition of a substantial stake in the company. CIC Gold struck an initial agreement to purchase an 80% stake in Gobi Minerals back in November last year as the company looks to snap up Gobi's Tsagaan Suvarga gold and copper asset situated in the South Gobi region of Mongolia. The original deal was for CIC to acquire the stake in Gobi for GBP5.6 million by issuing 280.0 million shares to the sellers - but this has now been adjusted. CIC will now sell 70.0 million of the 280.0 million shares and pass on the funds raised to the sellers of Gobi. This is being done because CIC is required to have at least 25% of its issued share capital in the hands of European Economic Area residents. That means CIC will now be issuing the sellers with 210.0 million CIC shares and the proceeds from selling 70.0 million shares. CIC Gold currently has 103.6 million shares in issue - meaning the 280.0 million shares will represent 72.99% of the company's enlarged issued share capital whilst 210.0 million shares will represent 54.74% of the enlarged issued share capital. The miner said the sellers will now required to transfer the mineral title that covers the Tsagaan Suvarga gold and copper asset within 12 months of CIC shares being readmitted to trading and the sellers will not be able to sell their shares in CIC during the 12 month period that follows the readmission of CIC shares. Once CIC has had its shares readmitted to trading, the company will own an 80% stake in Gobi Minerals, which owns 100% of the gold and copper project which is covered by the mineral title covering the Ulaan Tsokhio lease, which will be renamed Altan Tobchi, the company said. Notably, CIC said the 80% stake in Gobi Minerals will be held by Barsbold Ulambayar, who will be a director of CIC and Gobi Minerals once the deal is completed, as the "bare trustee" of the company. "The company expects to commence the process of seeking eligibility for re-admission of the enlarged group and submitting a draft prospectus for review by the United Kingdom Listing Authority in due course," said CIC. By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
http://www.lse.co.uk/ShareNews.asp?shareprice=CICG&share=cic_gold_grp
We have to be patient, the process is micro-detail with constant questions and answers, even if they are rhetorical. We have a gold play when the market is hot for gold. Given these two factors we will be seeing some nice profits, it could all happen by default, just get up one morning and sell if you are so inclined.
Hi Folks, I do not post often, but I think I have to. I have known SB for 10 years plus, at all times he has been a gentlemen and very much a happy man, that keeps on ticking like the battery bunny. I have a lot of confidence in SB, and I do believe that he will make us a lot of money in the near term.
Morth wrote: I am assuming we still are no closer to knowing anything than we ever were? I wrote these off a long time ago but I was sent hard copy shares for CIC Capital (or CIC Fund) Can anyone comment
Please, what is the nature of the disclosure that they cannot make, with respect to the sections named in the RNS
With respect to Canadian Exchange, Canadian Securities Laws protects minority shareholders rights. So if they were to go private instead of going on the FTSE, they would have to take out minority shareholders at the then market value. This is not a perfect explanation, but you get the idea, right. While I am on here I want to say that I still have all the confidence in the world that SB will get us through all of this.
How do they establish, a starting value on the big board?
I understand being private, but I would appreciate it, if you could go into more detail about what you are addressing.