|
Road Town, Tortola, British Virgin Islands (June 1, 2007) – CIC Energy Corp. (“CIC” or the “Company”)(TSX:ELC, BSE: CIC Energy) is pleased to announce that, further to its April 18, 2007 news release, National Instrument 43-101 technical report has been filed on SEDAR for the Company’s Mmamabula Energy Project in Southern Africa.
The report, entitled “CIC Energy Corp.: Mmamabula Project, South-eastern Botswana, Project No. J912, National Instrument 43-101 Technical Report” and dated June 1, 2007, was prepared by Snowden Mining Industry Consultants (“Snowden”). Snowden is an international minerals consultancy group, independent of the Company.
About CIC Energy Corp.
CIC Energy is a TSX/BSE-listed company engaged in the advancement of the Mmamabula Energy Project in Botswana. This Project is in partnership with International Power plc, a leading independent electricity generating company. The Project includes the Mmamabula East and Mmamabula South prospecting licenses, located in the Mmamabula coal fields of southeastern Botswana, 120 kilometres north of the capital city of Gaborone and adjacent to South Africa’s Waterberg Coal Fields.
CIC Energy has a treasury of approximately CDN$55 million, and has 47,993,109 million shares outstanding and 54,488,611 million shares fully diluted. For additional information on CIC Energy and the Mmamabula Energy Project, please visit the Company’s website at www.cicenergycorp.com or contact:
Erica Belling
VP Investor Relations
Tau Capital Corp.
Tel: (416) 361-9636 ext.243
Email: ebelling@taucapital.com
|
