CIC Energy Corp. Financial Loss
A BVI-based CIC Energy Corp. reported a loss of 1 677 658 USD for the 6-month period that ended on May 31, 2006.
The loss for the 6-month period can be explained by non-capitalized exploration expenditures, administration costs, costs related to the consolidation of Coal Investment Corp. and Ophir Ventures Inc. in March 2006, and listing the common shares of CIC on the TSX.
Consolidated Interim Financial Statements for the 3 and 6-month periods and Management’s Discussion and Analysis have been filed on SEDAR and can be found at http://www.sedar.com/search/search_form_pc_en.htm
CIC is a British Virgin Islands corporation governed by the laws of the BVI. It was established to engage in the exploration, development and operation of greenfield coal property in the Mmamabula Coalfields in Southern Africa.
The loss for the 6-month period can be explained by non-capitalized exploration expenditures, administration costs, costs related to the consolidation of Coal Investment Corp. and Ophir Ventures Inc. in March 2006, and listing the common shares of CIC on the TSX.
Consolidated Interim Financial Statements for the 3 and 6-month periods and Management’s Discussion and Analysis have been filed on SEDAR and can be found at http://www.sedar.com/search/search_form_pc_en.htm
CIC is a British Virgin Islands corporation governed by the laws of the BVI. It was established to engage in the exploration, development and operation of greenfield coal property in the Mmamabula Coalfields in Southern Africa.
Labels: BVI Companies
posted by Brian Obvi, Offshore Analyst | 10:33 AM
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