TIDMIMCP
IMC Exploration Group plc ('IMC' or the 'Company')
Completion of Strategic Review; Issue of Equity
Over the past several of months, the Board of IMC has been engaged in a
strategic review of all its projects. The Board has decided that the Company
will focus on its flagship project in Avoca Co. Wicklow, IMC's highly
prospective north Wexford gold project and IMC's zinc project adjacent to the
Kilbricken zinc deposit in Tulla, Co. Clare and Shannon, Co. Clare. The
Directors believe the conclusions of this review to be positive and
constructive. Concentrating on completion of our works' programme on our main
projects will, in the opinion of your Board, accelerate progress to realising
the potential of IMC's projects to the benefit of all shareholders. To this
end, IMC has requested permission from the Exploration and Mining Division
("EMD") of the Department of Communications, Climate Action and Environment to
relinquish its licences numbers PL 3550, PL 3806, PL 3426, PL3677 and PL3670.
IMC has issued 3,775,000 new ordinary shares at a price of 1p per share in
settlement of fees for professional, drilling and third party services.
Following this issue, the total number of ordinary shares in issue in IMC is
147, 291,719.
This announcement has been made after due and careful enquiry and the Directors
of IMC accept responsibility for its content.
Liam McGrattan, Chairman,
Dublin, 19th February 2018
Enquiries:
IMC Exploration Group PLC
Liam McGrattan
Tel. +353 872745427
Keith Bayley Rogers & Co. Limited
Brinsley Holman
Tel: +44 20 7464 4090;
Graham Atthill-Beck
Tel: +44 20 7464 4091
