RNS12 Jun 2017 08:14
Monday 12 June, 2017
CIC Capital Ltd
Corporate Update on Client Loans/Public Listings
RNS Number : 7395H
CIC Capital Ltd
11 June 2017
CIC CAPITAL FUND LTD
Corporate Update on Client Loans/Public Listings
CIC Capital Fund Limited ("CIC Fund" or the "Company") is pleased to provide the following update in regards to convertible loan portfolio.
CIC GOLD GROUP LIMITED ISIN SC0665AHDJ29 www.CICCapital.com
CIC Fund Loan Facility 1 £1,725,000
Loan drawn down: £1,725,000 (100% drawn down)
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. CIC Fund director Stuart J. Bromley as significant shareholder of the Company voluntarily excluded himself from the dividend in favor of the common shareholders.
CIC Fund Loan Facility 2 £1,200,000
Loan drawn down: £87,000
The Company is in the process of a listing on the regulated Frankfurt Stock Exchange expected to be completed no later than August 2017. The Company following the listing will also seek a listing on the Main Board London Stock Exchange. CIC Gold formally listed on the Main Board of the London Stock Exchange in June 2015 as a shell company. The listing in Europe will be with the Gobi Minerals Group LLP acquisition previously announced by the company.
CIC Capital has a separate board to the Company and no common directors with CIC Fund or CIC Gold.
CIC CAPITAL LIMITED ISIN SC0298CBCJ29 www.CICGold.com
CIC Fund Loan Facility: £2,590,000
Loan drawn down: £2,120,000
The Company is in the process of a listing on the regulated market Frankfurt Stock Exchange expected to be completed no later than August 2017. The Company following the listing will also seek a duel listing on the Main Board London Stock Exchange.
CIC Gold has a separate board to the Company and no common directors with CIC Fund or CIC Capital.
CIC CAPITAL FUND LIMITED - B Class Share Fund Listing ISIN CA12545F1036 www.CICCapitalFund.com
CIC Fund a Canadian public closed-ended fund is progressing a listing of a B Class Shares Fund on the Luxembourg Stock Exchange with a duel listing on the London Stock Exchange Specialist Fund Segment in August 2017.
The B Class share fund has been established to raise capital by the issue of 180 Million non-voting B class shares at EURO €1.20 per share. CIC Fund will direct the proceeds to providing Convertible Loans to highly prospective companies that will be publically tradable.
The shift to focus public listing market activity to specific exchanges and home states has been made independently by the boards of CIC Capital