CIC Gold Group Limited a London Stock Exchange main board public issuer focused in the gold mineral sector.
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CIC Gold listed in June 23, 2015 on the London Stock Exchange Standard Listing (regulated main board listing) as a gold mineral acquisition company (shell company). The board is made up of directors with specific gold mineral expertise with a majority of independent directors.
The Company announced its first acquisition – Gobi Minerals Group which holds a 100% interest in a strategic Mongolian gold mineral asset. The asset is adjacent to worlds leading Gold/copper mine Oyu Tolgoi being developed by Rio Tinto/Ivanhoe and Mongolian Alt Corp both producing mines. On announcement the company has to undergo a re-admission process
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THE OPPORTUNITY
The vendors of Gobi Minerals are required to sell 70,000,000 shares to enable a regulatory 25% free float of shares in public hands for re-admission on the London stock Exchange expected before April 2017.
The vendor 70 M share sale will be on the following terms (no proceeds to the Company):
1.Subscriber acquire shares at 1.43 UK pence per share (last trading price).
2. Each share come with a full warrant exercisable at 1.43 pence per warrant exercisable on or before December 2019 (warrants can be converted with exercise price delayed until sale of shares;
THE RISKS
The Company is a public company on the London Stock Exchange . The Company is not a new issuer and risks associated with a new listing do not exists. The Company re-admission prospectus is fundamentally the same as the first prospectus save a Competent Person Report on the gold mineral asset and updated audited financial statements.
THE RETURN
The Company is of the belief 6.00 UK pence per share is a low re-admission price per share.
CIC Gold Group Limited a London Stock Exchange main board public issuer focused in the gold mineral sector.
www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/SC0665AHDJ29GBGBXSSQ3.html
The Directors and Officers of CIC Gold Group Limited are persons with extensive gold mining expertise developed over many years.