CIC Gold Group Limited is a Seychelles registered company headquartered in Beijing, PR China. The Company includes in its shareholder base some prominent Chinese gold miners and international mine developers.
CIC Gold Group Limited intends to acquire non-controlling interests in mining projects, leases, tenements or corporate entities, either public or private, where gold is the principle commodity or gold mining is the principal activity. Given this mandate, the Company will focus its development strategy towards gold mineral assets considered to be undervalued and to have strong fundamentals with attractive growth prospects.
CIC Gold’s focus will initially be in Africa and Asia concentrating on acquisitions of:
The Directors consider that as acquisitions are made, and new acquisition opportunities arise, further funding of the company may be required or new shares issued to acquire interests.
The Board and management have international experience and knowledge particularly in Asia and Africa with respect to the resources industry and related to acquisitions, divestitures, joint venture negotiations, project due diligence, site evaluations, project management and exploration. Members of the Board and management have technical strengths allied with industry knowledge over many years and complemented by a diverse network of international contacts. The Directors believe this will assist them to assess the value of opportunities presented to them and to source potential new mineral assets. The Company intends to capitalise on these contacts to gain access to attractive mineral property assets.