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Prospectus filing and review is a five-step process:
1.File a preliminary prospectus with the Exchange, your home province securities commission and other provincial jurisdictions where shares will be sold.
2.Regulatory authorities review the prospectus and inform your professional advisors of any deficiencies.
3.After all deficiencies are cleared to the satisfaction of the regulators, file an amended prospectus in final form.
4.The securities commission will issue a final receipt as acceptance of the prospectus.
5.This approval allows your company to begin selling shares in the provincial jurisdictions where a final receipt has been issued.
Am I right in thinking that the issue of this receipt is stage 4 of the process and we may not have to wait another 6 months and that the shares could be trading in 2 weeks or even Monday?
"RECEIPT
CIC Capital Ltd.
This is the receipt of the British Columbia Securities Commission for the Amended and Restated Preliminary Long Form Prospectus dated March 18, 2020 amending and restating the Preliminary Long Form Prospectus of the above Issuer dated December 23, 2019.
March 18, 2020
Michael L. Moretto
Michael L. Moretto, CPA, CA Chief of Corporate Disclosure
SEDAR Project Number: 3003035"
Second attachment link.
https://www.pwc.com/gx/en/communications/pdf/communication-review-ifrs-15.pdf
One attachment link
https://www.pwc.lu/en/securitisation/docs/pwc-securitisation-in-luxembourg.pdf
Dear Ian,
Ref:CIC Capital Ltd listing update
Ian, just a quick update on the progress of our listing application.
Today we have filed on SEDAR (Canadian regulator portal) the updated non offering prospectus. This gives us unto 180 days to clear exchange review process.
https://sedar.com/FindCompanyDocuments.do
If will appear on Friday this week.
This filing updates increased revenue and compliance to new regulations and in particular to new accounting standard IFRS 15. The prospectus is in final form and recently passed over to the exchange for their review. Once that happens we will make an application to waiver regulated sponsor requirement due to the capacity of the board which have many years of regulatory experience.
Client listings are also well advanced and will see non booked revenue measured at share value, around CAD$3.8 Million.
The CIC securitisation advisory services is generating very significant cash after being awarded by Luxembourg regulators our securitisation license on 3 Jan 2020. Who would think little CIC would be authorised against the big funds and banks. We will develop this platform and is our greatest revenue generator.
I am pleased to attached a brief on securitisation as will be informative as to CIC value proposition in the future. I have also attached a note on IFRS 15 (new accounting rule) which will give much better transparency to where our income comes from.
Also as we get through the listing application we will add 13 new clients.
Kindest Regards
Stuart J. Bromley
+86 136 0113 1912
22-24 Boulevard Royal
L-2449 Luxembourg
www.CICCapital.com
Intosol news from 3Feb.
Looks like they plan to get the company moving forward.
"The appointment of Terrance A. Larkan as Chairperson of the Audit Committee. Mr. Larkan was former head of Corporate Governance Barrick Gold (Forbes 2000 list) and brings a wealth of regulated public company expertise. Mr Larkan is a Director of CIC Capital Ltd whom is an advisor to the Company and as such Mr. Larkan is a related party and will abstain from any matters relating to CIC Capital Ltd."
CIC Capital LTDCOM SHS NPV (DI) had a name change to CIC Capital Fund.
CIC Capital Fund and CIC Capital have had 1 for 10 share consolidations so that if you had 1000 of each you now 100 of each.
CIC Capital will float shortly on the TSX Venture Exchange in Canada and I would hope for at least 70 cents a share.
CIC Capital Fund and CIC Gold are to float on the TSX sometime.
I hope this helps and I have my facts right.
It is very encouraging to see CIC Capital on the Sedar Profile page.
Looking more likely that we will have a successful floatation on the TSX Venture exchange.
Don't forget that we are helping young companies and there are bound to be some ups and downs along the way.
Merry Christmas and a Prosperous New Year to all you good folks.
First off a very happy festive e season to you and your family.
We withdrew our original prospectus (due to the increased corporate activity) and refiled a new prospectus. This is now available on SEDAR (Canadian Portal).
This is now a very advanced prospectus as had a few readings from regulators and adjustments. The updated prospectus was required as CIC was elevated to Their 2 Investment by TSX.
Kindest Regards
Stuart J. Bromley
+86 136 0113 1912
22-24 Boulevard Royal
L-2449 Luxembourg
www.CICCapital.com
Done some searching.
I can get CIC Capital Fund web site by using Chrome and Microsoft Edge but not with Firefox.
I notice that the net site of Detroit Electric is unavailable.
CIC Capital Fund site is still not available and if anyone is interested Alpha Growth site is under maintenance and people are expecting big things from the company.
I have put TheCondorMan on Filter because he never has anything worthwhile or constructive to say.
CIC Capital Fund net site currently unavailable.
Maybe getting a makeover?
http://www.ciccapitalfund.com/
Thanks, Joe. Was using DuckDuck Go for my search so must use Google in the future.
Very nice web site. Tempted to go on one of their trips when CIC Capital floats.
Has anyone found any info about Pearl Adventure Holdings Ltd.
I did a search and all I found was a defunct Irish company.
Is sponsorship required for
all new listings on Toronto
Stock Exchange and TSX
Venture Exchange?
Not necessarily. Sponsorship by a Participating Organization of the Exchange
is often required to ensure an applicant meets minimum listing requirements.
However, the Exchanges have discretion to waive the sponsorship requirement
if the applicant is filing a full prospectus, completes a brokered financing
immediately before or concurrently with listing, meets certain profitability
tests, or satisfies other criteria. Graduates of TSX Venture Exchange to TSX may
also have the sponsorship requirement waived. Sponsorship by a Participating
Organization is not an ongoing relationship, but a onetime interaction that takes
place around the time of listing
I sent an email to Stuart asking if there was any news........His reply...........
"Thank you,
Extremely busy with with clients and we now hold significant client shares with some tradable on exchanges. We are receiving many requests for new clients and our business model is working exceptionally.
CIC Capital listing is in final reading with regulators and we will move soon to the exchange proofing. How long is really unto them as its best not to push to hard. Once the regulator and Exchange are fine we have to nominate a sponsor for the listing. That process will encompass first an application not to have a sponsor due to the non offering (not raising capital) and regulatory experience of the board. If sponsor is required the sponsor require full due diligence on every sentence in the prospectus. How long that takes really up to the law firm hired by the sponsor.
So that about it.
Kind Regards
Stuart J. Bromley
+86 136 0113 1912
From Wikipedia.
"In 1996, the Swedish navy commissioned three Gotland-class submarines. On the surface, these boats are propelled by marine diesel engines. However, when submerged, they use a Stirling-driven generator developed by Swedish shipbuilder Kockums to recharge batteries and provide electrical power for propulsion.[39] A supply of liquid oxygen is carried to support burning of diesel fuel to power the engine. Stirling engines are also fitted to the Swedish Södermanland-class submarines, the Archer-class submarines in service in Singapore and, license-built by Kawasaki Heavy Industries for the Japanese Soryu-class submarines. In a submarine application, the Stirling engine offers the advantage of being exceptionally quiet when running.
The core component of micro combined heat and power (CHP) units can be formed by a Stirling cycle engine, as they are more efficient and safer than a comparable steam engine. By 2003, CHP units were being commercially installed in domestic applications.
By the turn of the millennium, Stirling engines were used in the dish version of Concentrated Solar Power systems. A mirrored dish similar to a very large satellite dish directs and concentrates sunlight onto a thermal receiver, which absorbs and collects the heat and using a fluid transfers it into the Stirling engine. The resulting mechanical power is then used to run a generator or alternator to produce electricity."
He looks to be a great asset to CIC Capital.
https://www.boughtonlaw.com/people/lawyers/david-toyoda/