Inter-Citic Engages Standard Chartered to Provide Corporate Advisory Services
TORONTO, ONTARIO -- (Marketwire) -- 07/13/11 -- Inter-Citic Minerals Inc. (TSX: ICI)(OTCQX: ICMTF) ('Inter-Citic' or 'the Company') President and CEO James Moore, is pleased to announce that the Company has engaged Standard Chartered Securities (North America) Inc. and Standard Chartered Bank ('Standard Chartered') to advise the Company and its Board of Directors in connection with the ongoing review of the Company's strategy, capital structure and future financing alternatives, including evaluating and advising on the appropriateness of listing the Company's shares on the Hong Kong Stock Exchange.
Standard Chartered's services include M&A Advisory, Corporate Finance, Project Financing, and Metals and Mining industry coverage.
'The Company's engagement of Standard Chartered is consistent with our need for quality advice from all of our advisors as we complete our Chinese Feasibility Study and look to finalize development strategies for the Dachang Main Zone,' said James Moore, Inter-Citic President and CEO.
On Behalf of the Board:
James J. Moore, President & CEO
ABOUT INTER-CITIC:
Toronto-based Inter-Citic Minerals Inc. is an exploration and development company advancing its Dachang Gold Project in the People's Republic of China. Inter-Citic is listed on the TSX under the symbol ICI. Inter-Citic's website is www.inter-citic.com.
ABOUT STANDARD CHARTERED:
Standard Chartered PLC is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns more than 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank's growth in recent years.
With 1,700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities for around 85,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. The Bank's heritage and values are expressed in its brand promise, 'Here for good'.
For more information on Standard Chartered, please visit www.standardchartered.com
Investors are encouraged to review 'Risk Factors' associated with the Dachang project as outlined in the Company's 2010 Financial Statements, MD&A and Annual Information Form, along with quarterly updates, available on the SEDAR website at www.sedar.com. The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading 'Risk Factors' in the company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Contacts:
Inter-Citic Minerals Inc.
Stephen Lautens
Vice President, Corporate Communications
(905) 479-5072
ir@inter-citic.com