It said yesterday it has signed a contract with Durlacher Ltd to act as NOMAD and broker in preparation for the UK float.

CFC said it saw this as an important move for the company in pursuit of its business strategy.

“The purpose of the dual listing would be to enable CFC’s ordinary shares to be traded on the AIM market, as well as on the Australian Stock Exchange (ASX). CFC said it did not intend to raise further capital for the company at this stage.

CFC said it and Durlacher will now engage in comprehensive due diligence analysis and reporting in preparation of the application for admission.

CFC hopes to be admitted to AIM in December this year.