6 Jun 2012 09:59
For immediate release: 6 June 2012
CIC Mining Resources Ltd.
("CIC" or the "Company")
Issue of Bonus B Shares
CIC (AIM: CICR), the consulting and advisory firm operating primarily in the mining and energy infrastructure sectors, is pleased to announce the intention to issue Special Series B Class Non-Voting shares (the 'B Shares') to all registered shareholders.
The number of B Shares that registered shareholders shall be entitled to shall be the equivalent to 4 percent of their shareholding at the Record Date, being 30 July 2012.
The B Shares will not be admitted to trading on AIM and will be non-voting. The B Shares will however have the right to convert into common ordinary shares at an equivalent price of one B Sharefor one common ordinary share at which point application for the converted shares to be admitted to trading on AIM shall be made.
Stuart Bromley, CEO, and Hao Quan, a substantial shareholder, have elected not to receive their dividend entitlement.
The Company's registrar, Equity Financial Trust, will today file full details of the issue of the B Shares on SEDAR, a copy of which will be available on the Company's website www.cicresources.com.
-Ends-
Contact details |
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CIC Mining Resources Ltd | Northland Capital Partners Limited | GTH Communications | |
Stuart J. Bromley | Luke Cairns / Tim Metcalfe | Toby Hall /Suzanne Johnson-Walsh | |
+86 136 0113 1912 | +44 (0)20 7796 8800 | +44 (0)20 3103 3903 |
CIC Mining Resources 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.
Mining and energy infrastructure companies or projects will include those involved in the exploration for, and extraction of, base metals, precious metals, bulk commodities, thermal and metallurgical coals, industrial metals, hydrocarbons, renewables and new technologies, including single-asset as well as diversified natural resources companies.
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.cicresources.com