TIDIMCP
IMC EXPLORATION GROUP PLC
SHARE PLACEMENT
The board of IMC Exploration Group plc (IMC) is pleased to announce that it has
raised GBP75,000 by way of a placing of 7,500,000 new ordinary shares of EUR0.001
each in the Company ("Ordinary Shares") at a price of 1p per share (the
"Placing Shares") (the "Placing"). For each Placing Share subscribed for, the
investors are also receiving one warrant to subscribe for an additional
Ordinary Share at a price of 2p per share, excercisable for one year from
today. The total number of shares in issue following the placing is
136,016,719.
The net proceeds of the Placing will be used to commence our feasibility study
on PL 3850 in Avoca, Co. Wicklow. This carries on from our extensive work on
this licence area with Koza and more than justifies the undertaking of this
feasibility study which will further advance our assets towards production.
The Directors of the issuer accept responsibility for this announcement.
Contact Details:
IMC Exploration Group Plc
Mr. Liam McGrattan
Tel. Ireland: +353 87 2745427
Keith Bayley Rogers & Co. Limited
Mr. Brinsley Holman
Tel. +44 207 464 4098
30th October 2017
