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CIC Energy Corp.'s (the "Company") common shares will be listed and posted for trading on the Toronto Stock Exchange under the symbol ELC at the opening of the Market on Thursday, March 23, 2006.
Stock Symbol: "ELC"
The Company has 39,351,517 common shares issued and outstanding, with 5,987,590 warrants issued and cash of approx. CDN $62 million.
On March 14, 2006, Coal Investment Corp. ("CIC") and Consolidated Ophir Ventures Inc. ("Ophir") completed their merger under the laws of the British Virgin Islands pursuant to a Plan of Consolidation resulting in the creation of a newly merged company, "CIC Energy Corp." The properties and assets of CIC became the properties and assets of CIC Energy Corp. which will carry on the business of CIC.
The Company is engaged in the exploration, development and operation of two coal properties (Mmamabula East and Mmamabula South) located in the Mmamabula coalfields in south-eastern Botswana. The properties are held by the Company's wholly-owned Botswana subsidiary, Meepong Resources
(Pty) Ltd.
On March 13, 2006, the Company completed a brokered private placement of 7,652,200 subscription receipts at a price of CDN$6.90 per subscription receipt, each subscription receipt entitled the holder thereof to receive without payment of any additional consideration one CIC common shares.
Website:
www.cicenergycorp.com
Contact: Alan Friedman
Tel: (416) 361-9636
Fax: (416) 361-3153
Email: friedman@taucapital.com or info@cicenergycorp.com
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