The Directors of IMC Exploration Group Plc are delighted to announce IMC has been awarded two additional prospecting licences, PL Area 1200 and PL Area 1199 (both in Co. Wexford) by the Exploration and Mining Division of the Department of Communications, Climate Action and Environment.
The Board of IMC on 26th July 2019 announced inter alia that it had raised £100,000 (one hundred thousand pounds Sterling) before expenses by way of a Placing of 10,000,000 (ten million) new Shares in the Company at a price of 1 penny per Placing Share, conditional only upon Admission of the Placing Shares, which occurred on 1st August 2019. The terms “Placing”, “Shares”, “Placing Shares” and “Admission” have the meanings ascribed to them in the Company’s announcement of 26th July 2019.
Further to the Company’s announcement on 26th July 2019 of the conditional Placing of 10,000,000 new Shares (together with a like number of Warrants) and its intention to apply for Admission of the Placing Shares, the Company is pleased to announce that it has received confirmation that the Placing Shares were admitted and that trading in them commenced on the regulated market of the London Stock Exchange on 1st August 2019.
Update to Announcement Dated 26th July 2019; differs in respect only to anticipated Admission date
SHARE PLACING; EXPLORATION UPDATE
Update to Announcement Dated 26th July 2019; differs in respect only to anticipated Admission date
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.
IMC Exploration Group plc,
70 Ballybough Road,
Ballybough,
Dublin 3, Ireland
Telephone: +353 872819215
Email: info@imcexploration.com
