ROAD TOWN, TORTOLA, British Virgin Islands, April 13 /CNW/ - CIC Energy
Corp. ("CIC" or the "Company")(TSX:ELC, BSE: CIC Energy) reported a loss for
the three month period ended February 28, 2007 of $1,023,738 or $0.02 per
share (basic and diluted).
The loss for the three month period is attributable to non-capitalized
exploration expenditures, administration and personnel costs as well as the
cost of a bought deal private placement, the completion of which was announced
by the Company on February 23, 2007.
Capitalized exploration costs amount to $53,960,952, with exploration
costs for the three month period totaling $5,857,645.
Consolidated Interim Financial Statements for the three months ending
February 28, 2007, along with Management's Discussion and Analysis, have been
filed on SEDAR and are available at www.sedar.com.
For further information:
For further information: on CIC and its projects visit the Company's
website at www.cicenergycorp.com or contact: Erica Belling, CFA, P.Eng., VP
Investor Relations, Tau Capital Corp., Tel: (416) 361-9636 x 243, Email: