The Directors of IMC Exploration Group Plc are pleased to announce that they have joined the Multilateral Trading Facility ("MTF") section of the GXG Markets effective from 30th May 2012.
This action was taken in light of the continued speculation about the future of the PLUS-SX market. The Directors of the Company were conscious of both the necessity and the advantages of retaining a market presence for its shareholders.
The Directors of the Company note the announcement made by PLUS Markets Group plc on 14 May 2012 regarding the orderly closure of the PLUS-quoted market over a period of up to six months.
The Company is conscious of the advantages of retaining a market listing and is working with its Corporate Adviser, LHM Casey McGrath, to consider the most cost effective options available to the Company. A further announcement will be made when appropriate.
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Unaudited consolidated interim results for the six months ended 31st December 2011
CHIEF EXECUTIVE OFFICER'S STATEMENT
I am pleased to report the company's interim results for the period ended 31st December 2011.
IMC Exploration Group Public Limited Company ("IMC") successfully listed on the PLUS-quoted market on 12th October 2011. Within two weeks of listing, IMC commenced a continuous 18 month drilling program on its 13 prospecting licences.
DRILLING UPDATE - INDEPENDENT EXPERT CONFIRMS EXCITING BASE METAL PROSPECT IN IMC TULLA LICENCE AREA
The directors of IMC Exploration Group Plc (“IMC”) wish to inform shareholders that, following encouraging indications from Drillhole 11-3729-01 in Prospecting Licence Area 3729, Tulla, Co. Clare, an independent expert was engaged by IMC to undertake further investigative work to confirm the view of the company that the results were of a highly significant and encouraging nature. Dr John Kelly of SLR Consulting Ireland Limited (“SLR”), an expert on the characteristics of Irish Base Metal Deposits, was commissioned to provide an independent report on the drill core.
Exceptional sample results from initial field work in gold licence area
IMC Exploration Group Plc is pleased to announce results from its Kilmichael Wexford Prospecting Licence PL 2551.
The board of IMC Exploration Group Plc ("IMC"), the recently listed Irish gold and base metals exploration and mining company, is delighted to report encouraging gold sample results of up to 76.8 grams per tonne of gold (2.46 ounces per tonne) from rock grab samples taken from its Kilmichael Prospecting Licence Area.
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About IMC Exploration
IMC Exploration Group plc (IMC) is currently listed on the London Stock Exchange market (Ticker: IMC). IMC has a Mineral Resource that is classified as ‘inferred’ and has been reported in accordance with the JORC Code (2012). IMC holds properties in southeast Ireland that are highly prospective for gold, copper and other base metals. These include the world famous historic Avoca copper mine.
Contact details
IMC Exploration Group plc,
70 Ballybough Road,
Ballybough,
Dublin 3, Ireland
Telephone: +353 87 618 3024
Email: eamon.obrien@imcexploration.com
