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Update on Drilling Programme
Drilling Programme
IMC Exploration Group Plc announces that a drilling programme has commenced on
PL 2551 in Co. Wexford, Ireland. This is a highly prospective licence for gold
mineralisation. There are many occurrences of gold in panned concentrates,
gold in soils, gold in deep overburden, gold in mineralised float and gold in
bedrock.
The board of IMC Exploration Group plc (IMC) is pleased to announce that it has
raised GBP50,000 by way of a placing of 5,000,000 new ordinary shares of
EUR0.001 each in the Company ("Ordinary Shares") at a price of 1p per share
(the "Placing Shares"). Attached are one warrant for every 5 Ordinary shares
at a price of 1p per share, excercisable for three years from today.
IMC Exploration Group Plc announces that priority drilling has commenced a
drilling programme on its highly prospective Avoca property, PL 3849 in Co.
Wicklow, Ireland. This prospecting licence lies on the Avoca mineralised belt
and on its interpreted NE extension located in the core of the Caledonian
para-tectonic belt of SE Ireland.
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Issue of New Equity Securities
The board of IMC is pleased to announce that it has raised GBP 120,000 before
expenses by way of a placing (the "Placing") of 10,000,000 new ordinary shares
of EUR0.001 each in the capital of the Company ("Ordinary Shares") at a price
of 1.2 pence per share (the "Placing Shares"). The total number of Ordinary
Shares in issue following the Placing is 250,014,285.
IMC EXPLORATION GROUP PLC
("IMC" or the "Company")
SHARE PLACING; DIRECTORS' INTERESTS IN VOTING RIGHTS
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
